SCHEDULE 13G/A: Stonehill Capital Discloses 2.7% Stake in JOYY Inc.

Stonehill Capital Management LLC and its managing members have disclosed a 2.7% beneficial ownership stake in JOYY Inc. Class A Common Shares as of September 30, 2025.

Summary

• Stonehill Capital Management LLC and its managing members (John Motulsky, Jonathan Sacks, Peter Sisitsky, Michael Thoyer, Michael Stern, Samir Arora, and Garrett Zwahlen) have filed an Amendment No. 1 to Schedule 13G.
• The filing reports beneficial ownership of 27,601,080 Class A Common Shares of JOYY Inc.
• This represents 2.7% of the total Class A Shares outstanding.
• The ownership is held through American Depositary Shares (ADSs) by certain funds managed by Stonehill Capital Management LLC, where 1,380,054 ADSs represent the 27,601,080 Class A Shares.
• The reporting persons share both voting and dispositive power over these shares.
• The filing certifies that the securities were not acquired for the purpose of changing or influencing control of JOYY Inc.
• The percentage is based on 1,027,300,000 Class A Shares outstanding as of June 30, 2025, as reported by JOYY Inc. in its Form 6-K furnished on August 27, 2025.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment towards the company's performance or prospects. It simply reports an existing stake.

Future Outlook

NA

Industry Context

This filing reflects a passive investment by an institutional asset manager, Stonehill Capital Management LLC, in JOYY Inc. Such disclosures are routine for investment firms holding significant, but non-controlling, stakes in publicly traded companies, indicating their portfolio positions.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, confirming Stonehill Capital Management LLC's continued passive stake in JOYY Inc. without intent to influence control.

Key Dates

Keywords

JOYY Inc., Stonehill Capital Management, Beneficial Ownership, Schedule 13G, Class A Shares, Investment Adviser, Institutional Investor, Equity Stake