Chase Coleman's hedge fund Tiger Global has filed an amended 13D with the SEC regarding its stake in eHi Car Services (EHIC). Per the filing, Tiger Global now owns 30.5% of the company with over 16.66 million shares.
This is an increase from the 9.4 million shares that Tiger Global originally disclosed via its new eHi Car Services stake back in late May.
Coleman's stake currently includes 666,666 class A shares held via 333,333 ADS's. The filing notes that they bought 7,266,666 shares from the company at $6 per share.
We've highlighted some of Tiger Global's other recent portfolio activity here.
Per Google Finance, eHi is "a China-based holding company, which provides car rentals and car services to both individual customers and corporate clients. The Company utilizes mobile and Internet platforms to provide online to offline (O2O) mobility solutions. The Company operates its car rentals business primarily through its People's Republic of China (PRC) subsidiaries, Shanghai eHi Car Rental Co., Ltd. (eHi Rental) and eHi Auto Services (Jiangsu) Co., Ltd. (eHi Jiangsu), and their subsidiaries and branches."
Thursday, July 2, 2015
Tiger Global Boosts eHi Car Services Position
blog comments powered by Disqus
