Capital World Investors reports 7.0% stake in Kanzhun Ltd. (BZ) via Schedule 13G/A
Rhea-AI Filing Summary
Capital World Investors, a division of Capital Research and Management Company and its affiliates, reports beneficial ownership of 58,253,322 shares of KANZHUN LTD. common stock, representing 7.0% of the class. This is based on 832,097,985 shares believed to be outstanding.
The position includes 27,990,431 Depository Receipts, which together represent 55,980,862 common shares. Capital World Investors has sole voting and dispositive power over all reported shares and certifies that the holdings are maintained in the ordinary course of business, without the purpose or effect of changing or influencing control of Kanzhun Ltd.
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FAQ
What percentage of Kanzhun Ltd. (BZ) does Capital World Investors own?
Capital World Investors reports beneficial ownership of 7.0% of Kanzhun Ltd.’s common stock. This percentage is calculated based on 832,097,985 shares believed to be outstanding, giving Capital World Investors a significant but minority stake in the company.
What role do Depository Receipts play in Capital World Investors’ Kanzhun Ltd. (BZ) position?
The reported holdings include 27,990,431 Depository Receipts, representing 55,980,862 common shares of Kanzhun Ltd. These Depository Receipts form the majority of Capital World Investors’ beneficial position and are counted when calculating the total 58,253,322 shares owned.
Is Capital World Investors seeking to influence control of Kanzhun Ltd. (BZ)?
Capital World Investors certifies the securities were acquired and are held in the ordinary course of business. It states they were not acquired and are not held for the purpose or effect of changing or influencing the control of Kanzhun Ltd.