UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.1)*
GDS Holdings Limited
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(Name of Issuer)
Class A ordinary shares
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(Title of Class of Securities)
36165L108
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(CUSIP Number)
November 14, 2017
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 2
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ping An Insurance (Group) Company of China, Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
The People’s Republic of China
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
63,369,856 (See Item 4)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
63,369,856 (See Item 4)
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,369,856 (See Item 4)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3% (See Item 4)
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12
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TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 3
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ping An Life Insurance Company of China, Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
The People’s Republic of China
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
63,369,856 (See Item 4)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
63,369,856 (See Item 4)
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,369,856 (See Item 4)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3% (See Item 4)
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12
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TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 4
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Falcon Vision Global Limited
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
63,369,856 (See Item 4)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
63,369,856 (See Item 4)
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,369,856 (See Item 4)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3% (See Item 4)
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12
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TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 5
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Shanghai Yunji Investment and Consulting Co., Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
The People’s Republic of China
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0 (See Item 4)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
0 (See Item 4)
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 4)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (See Item 4)
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12
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TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 6
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Perfect Success Limited
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0 (See Item 4)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
0 (See Item 4)
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (See Item 4)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0% (See Item 4)
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12
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TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 7
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| Item 1. | (a) |
Name of Issuer:
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GDS Holdings Limited (the “Issuer”)
| (b) |
Address of Issuer’s Principal Executive Offices:
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2/F, Tower 2, Youyou Century Place, 428 South Yanggao Road, Pudong, Shanghai 200127, People’s Republic of China.
| Item 2. | (a) |
Name of Person Filing:
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Ping An Insurance (Group) Company of China, Ltd. (“Ping An Insurance”)
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| (2) |
Ping An Life Insurance Company of China, Ltd. (“Ping An Life”)
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Falcon Vision Global Limited (“Falcon”)
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| (4) |
Shanghai Yunji Investment and Consulting Co., Ltd. (“Shanghai Yunji”)
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Perfect Success Limited (“Perfect Success”)
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Ping An Insurance, Ping An Life, Falcon, Shanghai Yunji and Perfect Success (collectively, the “Filing Persons”) have entered into a Joint Filing Agreement, a copy of which is filed with this amendment to Schedule 13G as Exhibit 99.1. Pursuant to the Joint Filing Agreement, the Filing Persons have agreed to file this amendment to Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) under the Act.
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Address of Principal Business Office, or if None, Residence:
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Ping An Insurance: 15, 16, 17, 18 Floors, Galaxy Development Center, Fu Hua No. 3 Road, Futian District, Shenzhen, Guang Dong Province, People’s Republic of China.
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Ping An Life: 9, 10, 11 Floors, Galaxy Development Center, Fu Hua No. 3 Road, Futian District, Shenzhen, Guang Dong Province, People’s Republic of China.
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Falcon: Vistra Corporation Services Centre, Wickhams Cay Ⅱ, Road Town, Tortola, VG1110, British Virgin Islands.
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Shanghai Yunji: Room 368, Dist. 302, No. 211, Fute North Road, Shanghai Pilot Free Trade Zone, Shanghai, People’s Republic of China.
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Perfect Success: P.O. Box 309, Ugland House, Grand Cayman, Cayman Islands
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Citizenship:
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Ping An Insurance: The People’s Republic of China
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 8
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| (2) |
Ping An Life: The People’s Republic of China
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| (3) |
Falcon: British Virgin Islands
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Shanghai Yunji: The People’s Republic of China
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| (5) |
Perfect Success: Cayman Islands
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| (d) |
Title of Class of Securities:
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Class A ordinary shares
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CUSIP Number:
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36165L108
| Item 3. |
If this statement is filed pursuant to Sections §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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Not Applicable.
| Item 4. |
Ownership.
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 9
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Reporting
Person(1)
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Amount beneficially
owned(1) |
Percent
of
class(2)
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Sole power
to vote or
direct the
vote(1)
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Shared
power to vote or to direct the vote |
Sole power to
dispose or to direct the disposition of(1) |
Shared power
to dispose or to direct the disposition of |
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Ping An Insurance
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63,369,856
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7.3%
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63,369,856
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0
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63,369,856
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0
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Ping An Life
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63,369,856
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7.3%
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63,369,856
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0
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63,369,856
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0
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Falcon
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63,369,856
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7.3%
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63,369,856
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0
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63,369,856
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0
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Shanghai Yunji
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0
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0%
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0
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0
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0
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0
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Perfect Success
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0
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0%
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0
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0
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0
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0
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Notes:
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On November 14, 2017, Perfect Success exercised its option to convert the convertible bonds in a principal amount of US$100.0 million, together with interest accrued thereon, due December 30, 2019 (the “Convertible Bonds”) into 65,329,748 Class A ordinary shares, at a conversion price of US$1.675262 per Class A ordinary share pursuant to and in accordance with the terms and conditions of the Convertible Bonds, of which 63,369,856 Class A ordinary shares were allotted to Falcon and 1,959,892 Class A ordinary shares were allotted to another entity. Falcon is wholly-owned by Ping An Life directly. Perfect Success is wholly-owned by Shanghai Yunji directly. Shanghai Yunji is wholly-owned by Ping An Life directly. Ping An Life is directly owned and controlled by Ping An Insurance.
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This percentage is based on the sum of (i) the Issuer's 711,552,082 Class A ordinary shares outstanding as of October 18, 2017 and 97,870,263 Class A ordinary shares to be issued upon the full conversion of the Issuer's convertible bonds in a principal amount of US$150.0 million, together with interest accrued thereon, based on information provided by the Issuer, and (ii) 64,257,028 Class A ordinary shares issued to CyrusOne in connection with the CyrusOne Investment, as reported by CyrusOne in its Schedule 13D filed with the Securities and Exchange Commission on November 2, 2017.
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| Item 5. |
Ownership of Five Percent or Less of a Class.
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Not Applicable.
| Item 6. |
Ownership of More Than Five Percent on Behalf of Another Person.
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Not Applicable.
| Item 7. |
Identification and Classification of the Subsidiary which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
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Not Applicable.
| Item 8. |
Identification and Classification of Members of the Group.
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Not Applicable.
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CUSIP No. 36165L108
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SCHEDULE 13G
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Page 10
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| Item 9. |
Notice of Dissolution of Group.
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Not Applicable.
| Item 10. |
Certifications.
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Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: November 20, 2017
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Ping An Insurance (Group) Company of China, Ltd.
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By:
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/s/ Huichuan Ren |
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Name:
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Huichuan Ren |
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Title:
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General Manager |
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Ping An Life Insurance Company of China, Ltd.
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By:
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/s/ Xinmin Ding |
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Name:
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Xinmin Ding |
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Title:
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Chief Executive Officer |
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Falcon Vision Global Limited
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By:
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/s/ Xiaofeng Fei | |||
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Name:
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Xiaofeng Fei | |||
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Title:
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Director | |||
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Shanghai Yunji Investment and Consulting Co., Ltd.
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By:
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/s/ Haiyun Lei |
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Name:
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Haiyun Lei |
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Title:
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Authorized Representative |
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Perfect Success Limited
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By:
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/s/ Xiaofeng Fei |
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Name:
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Xiaofeng Fei |
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Title:
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Director |
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EXHIBITS INDEX
| EXHIBIT NO. |
EXHIBITS
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| 99.1 |
Joint Filing Agreement
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EXHIBIT NO. 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Class A ordinary shares of GDS Holdings Limited, a Cayman Islands company, and further agree that this Joint Filing Agreement may be included as an Exhibit to such joint filing. This Joint Filing Agreement may be executed in any number of counterparts all of which, taken together, shall constitute one and the same instrument.
Date: November 20, 2017
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Ping An Insurance (Group) Company of China, Ltd.
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By:
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/s/ Huichuan Ren |
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Name:
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Huichuan Ren |
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Title:
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General Manager |
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Ping An Life Insurance Company of China, Ltd.
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By:
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/s/ Xinmin Ding |
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Name:
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Xinmin Ding |
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Title:
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Chief Executive Officer |
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Falcon Vision Global Limited
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By:
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/s/ Xiaofeng Fei | |||
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Name:
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Xiaofeng Fei | |||
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Title:
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Director | |||
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Shanghai Yunji Investment and Consulting Co., Ltd.
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By:
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/s/ Haiyun Lei |
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Name:
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Haiyun Lei |
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Title:
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Authorized Representative |
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Perfect Success Limited
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By:
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/s/ Xiaofeng Fei |
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Name:
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Xiaofeng Fei |
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Title:
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Director | |