Ming Jin group (DSC) discloses 60.7M DSC Holdings Class A shares on 13G
Rhea-AI Filing Summary
DSC Holdings Ltd. received a Schedule 13G from an investor group led by Ming Jin regarding holdings of its Class A ordinary shares (CUSIP 233369107). The filing reports that Cygnus Equity GP, Ltd. has sole voting and dispositive power over 57,079,724 shares, representing 8.5% of the Class A ordinary shares outstanding. Several affiliated Cayman Islands funds together hold these shares. Additional entities, including Cygnus Equity Holdings Limited and Jin Capital Limited, respectively hold 2,749,080 shares (0.4%) and 844,199 shares (0.1%), with Ming Jin able to make investment decisions for them. Ming Jin may be deemed to beneficially own 60,673,003 shares, or 9.1% of the class, on an as-converted basis, and expressly disclaims beneficial ownership beyond any pecuniary interest. Percentages are calculated based on 670,157,244 Class A ordinary shares outstanding immediately after the issuer’s offering, assuming underwriters do not exercise their option to purchase additional ADSs.
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Key Figures
Ming Jin beneficial ownership: 60,673,003 Class A ordinary shares
Ming Jin ownership percentage: 9.1%
Cygnus Equity GP, Ltd. holdings: 57,079,724 Class A ordinary shares
+4 more
7 metrics
Ming Jin beneficial ownership
60,673,003 Class A ordinary shares
May be deemed beneficially owned by Ming Jin, representing 9.1% of the class
Ming Jin ownership percentage
9.1%
Percent of DSC Class A ordinary shares on an as-converted basis
Cygnus Equity GP, Ltd. holdings
57,079,724 Class A ordinary shares
Sole voting and dispositive power reported by Cygnus Equity GP, Ltd.
Cygnus Equity GP, Ltd. ownership percentage
8.5%
Percent of DSC Class A ordinary shares outstanding
Total shares outstanding
670,157,244 Class A ordinary shares
Issued and outstanding on an as-converted basis after the offering
Doyen Cygnus Education Fund holdings
7,522,530 Class A ordinary shares
Sole voting and dispositive power held by Doyen Cygnus Education Fund, L.P.
Cygnus Equity Sport I holdings
19,842,390 Class A ordinary shares
Sole voting and dispositive power held by Cygnus Equity Sport I, L.P.
Key Terms
Schedule 13G, beneficial ownership, sole voting power, sole dispositive power, +2 more
6 terms
Schedule 13G regulatory
"DSC Holdings Ltd. received a Schedule 13G from an investor group"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficial ownership financial
"may be deemed to have beneficial ownership over 7,522,530 Class A ordinary shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole voting power financial
"5 | Sole Voting Power 57,079,724.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"7 | Sole Dispositive Power 57,079,724.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
as-converted basis financial
"shares issued and outstanding on an as-converted basis immediately after the completion"
As-converted basis means counting securities that can become common stock—like convertible bonds or preferred shares—as if they already were common shares when calculating totals such as shares outstanding, ownership percentages, or per-share metrics. Investors use it to see the potential dilution and the “what-if” size of the shareholder base; it’s like imagining all restaurant coupons have been redeemed so you know how crowded the table could become and how slices of the pie would shrink.
ADSs financial
"assuming that the underwriters do not exercise their option to purchase additional ADSs"
FAQ
What ownership stake in DSC does Ming Jin report on this Schedule 13G?
Ming Jin may be deemed to beneficially own 60,673,003 Class A ordinary shares of DSC, representing 9.1% of the outstanding Class A ordinary shares on an as-converted basis, and disclaims ownership beyond his pecuniary interest.
Which Cygnus funds are included in the DSC Schedule 13G filing?
The filing covers Doyen Cygnus Education Fund, L.P., Cygnus Equity Sport I, L.P., Cygnus Equity Sport II, L.P., Cygnus Equity Fund III, L.P., and Cygnus Equity Fund IV, L.P., all organized in the Cayman Islands and holding Class A ordinary shares of DSC.
Where are the reporting entities in the DSC Schedule 13G organized and based?
The Cygnus funds and Cygnus Equity GP, Ltd. are organized in the Cayman Islands, Cygnus Equity Holdings Limited and Jin Capital Limited in the British Virgin Islands, and Ming Jin is a citizen of Hong Kong SAR, each with listed business addresses.
AI-generated analysis. How Rhea-AI works. Not financial advice.
