GS Group & Goldman Sachs LLC Jointly Hold 279,587 Shares of CHEB

Rhea-AI Filing Summary

Chenghe Acquisition II Co. received a joint Schedule 13G/A disclosing that The Goldman Sachs Group, Inc. and its subsidiary Goldman Sachs & Co. LLC beneficially own 279,587 Class A ordinary shares, equal to 3.1% of the class. Both reporting persons report shared voting power and shared dispositive power for all 279,587 shares and report 0 sole voting and dispositive power. The filing states the shares are held in the ordinary course of business and not for the purpose of changing control. Cover pages list reporting-person classifications (HC, CO and BD, OO, IA), and exhibits include a joint filing agreement and an exhibit identifying the subsidiary relationship to the parent holding company.

Insights

Financial Analyst

TL;DR: Goldman Sachs reports a passive 3.1% stake via shared voting and dispositive power; disclosure is routine and not control-seeking.

The Schedule 13G/A shows an aggregate beneficial ownership of 279,587 shares (3.1%) held jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. Reported positions indicate shared voting and dispositive power for the full amount and no sole powers, consistent with an institutional, non-activist holding. The filing expressly states the position is held in the ordinary course of business and not to change control. This disclosure notifies the market of an institutional stake but is unlikely to materially change the companys control dynamics at this ownership level.

Corporate Governance Expert

TL;DR: The filing documents joint ownership and an authorization to file amendments; governance impact is limited by the sub-5% passive stake.

The joint filing agreement (Exhibit 99.1) and the Item 7 exhibit (Exhibit 99.2) clarify the parent-subsidiary reporting relationship and authorize joint amendments. Both reporting persons report shared voting and dispositive power but no sole power, and Item 5 confirms ownership is 5% or less. Because the filing certifies the shares are not held to influence control, the disclosure signals standard institutional ownership and creates transparency without indicating any imminent governance changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

CHENGHE ACQUISITION II CO

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G20873108

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. G20873108

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 279,587.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 279,587.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

279,587.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.1 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. G20873108

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 279,587.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 279,587.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

279,587.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.1 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CHENGHE ACQUISITION II CO
(b)	Address of issuer's principal executive offices: X38 Beach Road #29-11, South Beach Tower, Singapore, U0,189767
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G20873108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Sam Prashanth
Name/Title:	Attorney-in-fact
Date:	08/01/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: Sam Prashanth
Name/Title:	Attorney-in-fact
Date:	08/01/2025

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class A ordinary shares, par value $0.0001 per share, of CHENGHE ACQUISITION II CO and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 08/01/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ Sam Prashanth ---------------------------------------- Name: Sam Prashanth Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Sam Prashanth ---------------------------------------- Name: Sam Prashanth Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.

FAQ

What percentage of CHEB does Goldman Sachs report owning?

The filing reports 279,587 shares, representing 3.1% of Chenghe Acquisition II Co.'s Class A ordinary shares.

Which entities filed the Schedule 13G/A for CHEB?

The Schedule 13G/A was filed jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC.

Does Goldman Sachs report sole voting or dispositive power over the shares?

No. The filing shows 0 sole voting power and 0 sole dispositive power, with 279,587 shares reported as shared voting and shared dispositive power.

Is the stake held to change or influence control of CHEB?

The filing certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

What exhibits accompany the filing?

Exhibits include Exhibit (99.1) Joint Filing Agreement and Exhibit (99.2) Item 7 information identifying the subsidiary and parent relationship.