Synnex Technology (CNXC) holds 4.37M Concentrix shares via subsidiary
Rhea-AI Filing Summary
Synnex Technology International Corporation amends its Schedule 13G to report beneficial ownership of 4,369,475 shares of Concentrix Corp common stock, representing 7.09% of the class. The filing states that Peer Developments Ltd., a 100% directly owned subsidiary, holds the shares and that Synnex has sole voting and dispositive power over these shares. The filing cites CUSIP 20602D101 and is signed by Director Tu, Shu-Wu on 04/27/2026.
Positive
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Insights
Amendment clarifies beneficial ownership via a wholly owned subsidiary.
The amendment reports 4,369,475 shares (7.09%) held through Peer Developments Ltd., and records sole voting and dispositive power. This is a straightforward ownership disclosure under beneficial ownership rules.
Stake size above 5% typically requires ongoing Section 13 reporting; subsequent filings would show any change in holdings or voting arrangements.