SCHEDULE 13G/A: Key Insiders and Entity Disclose 5.7% Stake in uCloudlink Group Inc.
Beneficial Ownership Disclosure
Hui Li, Junmei Yin, and Meri Growth Capital Limited have jointly disclosed a beneficial ownership of 5.7% in uCloudlink Group Inc.'s Class A ordinary shares.
Summary
- Hui Li, Junmei Yin, and Meri Growth Capital Limited have filed an Amendment No. 3 to Schedule 13G, disclosing their beneficial ownership in uCloudlink Group Inc.
- Hui Li and Junmei Yin each beneficially own 14,507,800 Class A ordinary shares, representing 5.7% of the outstanding shares.
- Meri Growth Capital Limited directly owns 14,054,740 Class A ordinary shares, representing 5.6% of the outstanding shares.
- The beneficial ownership is calculated based on 252,412,720 Class A ordinary shares outstanding, as reported in the Issuer's Form 20-F filed on March 28, 2024.
- Hui Li is the husband of Junmei Yin and a director of Meri Growth Capital Limited, indicating a coordinated group ownership.
- The shares are held in the form of American Depositary Shares (ADSs), with 1,450,780 ADSs corresponding to 14,507,800 Class A ordinary shares (1 ADS = 10 Class A ordinary shares).
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a routine disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Hui Li and Junmei Yin are husband and wife, and their beneficial ownership is aggregated.
- Hui Li is a director of Meri Growth Capital Limited, which holds a significant portion of the shares.
- The beneficial ownership of Hui Li and Junmei Yin includes shares held by each other and indirectly through Meri Growth Capital Limited, indicating a coordinated group.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes by key individuals and an associated entity, which can influence perceptions of control and stability.
Key Dates
| Date | Description |
|---|---|
| 2024-03-28 | Date of Issuer's Form 20-F filing, which reported 252,412,720 Class A ordinary shares outstanding. |
| 2025-02-13 | Date of event which required the filing of this statement (Amendment No. 3 to Schedule 13G). |
Keywords
uCloudlink Group Inc., Schedule 13G, Beneficial Ownership, Hui Li, Junmei Yin, Meri Growth Capital Limited, Class A ordinary shares, SEC filing, Ownership disclosure, Passive investment
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