SCHEDULE: Goldman Sachs Discloses 3.1% Stake in Chenghe II
Beneficial Ownership Disclosure
The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC have disclosed a 3.1% passive beneficial ownership stake in Chenghe Acquisition II Co.'s Class A ordinary shares.
Summary
- The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC reported beneficial ownership of 279,587 Class A ordinary shares of Chenghe Acquisition II Co.
- This ownership represents 3.1% of the Class A ordinary shares outstanding.
- The shares are held with shared voting power and shared dispositive power.
- The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: This is a routine regulatory compliance filing (Schedule 13G) disclosing a passive ownership stake. It contains no information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- The disclosure indicates a passive investment by a major financial institution, The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC, in Chenghe Acquisition II Co.'s Class A ordinary shares.
Future Outlook
No forward-looking statements or guidance regarding Chenghe Acquisition II Co.'s business or financial performance are provided.
Management Comments
- The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Chenghe Acquisition II Co.
Industry Context
This filing is a routine disclosure of a passive investment by a major financial institution in a Special Purpose Acquisition Company (SPAC), common in the capital markets for compliance with beneficial ownership rules.
Stakeholder Impact
- Shareholders may view the passive investment by a reputable institution like Goldman Sachs as a minor positive signal, though the filing itself does not provide strategic or financial insights into the issuer.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of superseded Power of Attorney for The Goldman Sachs Group, Inc. |
| 10/01/2024 | Date of superseded Power of Attorney for Goldman Sachs & Co. LLC. |
| 06/30/2025 | Date of event which required the filing of this statement. |
| 07/16/2025 | Date Power of Attorney was signed by Goldman Sachs & Co. LLC. |
| 08/01/2025 | Date of filing signature by Sam Prashanth, Attorney-in-fact for both reporting persons. |
| 07/16/2026 | Expiration date of the current Power of Attorney. |
Keywords
Goldman Sachs, Chenghe Acquisition II Co, Beneficial Ownership, Schedule 13G, SPAC, Investment, Shareholding
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