Wei Zheng holds 6.2% of Connect Biopharma (CNTB) after March offering
Rhea-AI Filing Summary
Connect Biopharma Holdings Ltd reports that Wei Zheng beneficially owns 3,876,036 ordinary shares, representing 6.2% of the class. The percentage is calculated using 56,521,282 Ordinary Shares outstanding as of March 26 and the 6,130,000 Ordinary Shares issued in the Offering disclosed on March 30, 2026.
The filing attributes sole voting and dispositive power over the 3,876,036 shares to Wei Zheng. The report updates prior Schedule 13G holdings and provides the ownership stake as of the cited disclosure dates.
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Insights
Wei Zheng is a disclosed >5% owner with sole voting and dispositive power.
The filing lists 3,876,036 shares held by Wei Zheng, equal to 6.2% of the outstanding ordinary shares based on the issuer's disclosure as of March 26. This places the holder above the 5% reporting threshold that triggers Schedule 13G/A reporting obligations.
Ownership above 5% requires continued periodic reporting; subsequent filings may show changes if shares are acquired or sold. Cash-flow treatment or transaction timing is not stated in the excerpt.
The ownership calculation references both outstanding shares and a recent offering disclosed on March 30, 2026.
The percentage is explicitly tied to 56,521,282 Ordinary Shares outstanding as of March 26 and the 6,130,000 shares issued in the Offering. That citation clarifies the denominator used to compute the 6.2% stake.
Shareholders and market participants seeking updates should review future amendments or transactions; this excerpt does not disclose subsequent trades or changes after the cited dates.
Key Figures
Key Terms
Schedule 13G/A regulatory
Beneficial ownership financial
Sole dispositive power regulatory
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