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    SEC Form SC 13G/A filed by BEST Inc. (Amendment)

    7/26/23 8:53:58 AM ET
    $BEST
    Trucking Freight/Courier Services
    Industrials
    Get the next $BEST alert in real time by email
    SC 13G/A 1 d823004dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 2 SCHEDULE 13G AMENDMENT NO. 2

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No. 2)*

     

     

    BEST, Inc.

    (Name of Issuer)

     

     

    Class A Ordinary Shares

    (Title of Class of Securities)

    08653C601**

    (CUSIP Number)

    July 17, 2023

     

     

    (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)

     

     

    *

    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    **

    This CUSIP number applies to the Issuer’s American Depositary Shares, evidenced by American Depositary Receipts, each representing twenty Class A Ordinary Shares of the Issuer.

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     


    CUSIP No. 08653C601    Schedule 13G    Page 2 of 11 Pages

     

      1.    

      Names of Reporting Persons:

     

      Florence Star Worldwide Limited

      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:

     

      British Virgin Islands

    Number of

    Shares

     Beneficially 

    Owned By

    Each

    Reporting

    Person

    With:

       5.    

      Sole Voting Power:

     

      0

       6.  

      Shared Voting Power:

     

      0

       7.  

      Sole Dispositive Power:

     

      0

       8.  

      Shared Dispositive Power:

     

      0

      9.    

      Aggregate Amount Beneficially Owned by Each Reporting Person:

     

      0

    10.  

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):

     

      ☐

    11.  

      Percent of Class Represented By Amount in Row (9):

     

      0%

    12.  

      Type Of Reporting Person (See Instructions):

     

      CO


    CUSIP No. 08653C601    Schedule 13G    Page 3 of 11 Pages

     

      1.    

      Names of Reporting Persons:

     

      Brackenhill Tower Limited

      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:

     

      British Virgin Islands

    Number of

    Shares

     Beneficially 

    Owned By

    Each

    Reporting

    Person

    With:

       5.    

      Sole Voting Power:

     

      0

       6.  

      Shared Voting Power:

     

      0

       7.  

      Sole Dispositive Power:

     

      0

       8.  

      Shared Dispositive Power:

     

      0

      9.    

      Aggregate Amount Beneficially Owned by Each Reporting Person:

     

      0

    10.  

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):

     

      ☐

    11.  

      Percent of Class Represented By Amount in Row (9):

     

      0%

    12.  

      Type Of Reporting Person (See Instructions):

     

      CO


    CUSIP No. 08653C601    Schedule 13G    Page 4 of 11 Pages

     

      1.    

      Names of Reporting Persons:

     

      China Harvest Fund II, L.P.

      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:

     

      Cayman Islands

    Number of

    Shares

     Beneficially 

    Owned By

    Each

    Reporting

    Person

    With:

       5.    

      Sole Voting Power:

     

      0

       6.  

      Shared Voting Power:

     

      0

       7.  

      Sole Dispositive Power:

     

      0

       8.  

      Shared Dispositive Power:

     

      0

      9.    

      Aggregate Amount Beneficially Owned by Each Reporting Person:

     

      0

    10.  

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):

     

      ☐

    11.  

      Percent of Class Represented By Amount in Row (9):

     

      0%

    12.  

      Type Of Reporting Person (See Instructions):

     

      PN


    CUSIP No. 08653C601    Schedule 13G    Page 5 of 11 Pages

     

      1.    

      Names of Reporting Persons:

     

      China Renaissance Capital Investment II, L.P.

      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:

     

      Cayman Islands

    Number of

    Shares

     Beneficially 

    Owned By

    Each

    Reporting

    Person

    With:

       5.    

      Sole Voting Power:

     

      0

       6.  

      Shared Voting Power:

     

      0

       7.  

      Sole Dispositive Power:

     

      0

       8.  

      Shared Dispositive Power:

     

      0

      9.    

      Aggregate Amount Beneficially Owned by Each Reporting Person:

     

      0

    10.  

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):

     

      ☐

    11.  

      Percent of Class Represented By Amount in Row (9):

     

      0%

    12.  

      Type Of Reporting Person (See Instructions):

     

      PN


    CUSIP No. 08653C601    Schedule 13G    Page 6 of 11 Pages

     

      1.    

      Names of Reporting Persons:

     

      China Renaissance Capital Investment II GP

      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:

     

      Cayman Islands

    Number of

    Shares

     Beneficially 

    Owned By

    Each

    Reporting

    Person

    With:

       5.    

      Sole Voting Power:

     

      0

       6.  

      Shared Voting Power:

     

      0

       7.  

      Sole Dispositive Power:

     

      0

       8.  

      Shared Dispositive Power:

     

      0

      9.    

      Aggregate Amount Beneficially Owned by Each Reporting Person:

     

      0

    10.  

      Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):

     

      ☐

    11.  

      Percent of Class Represented By Amount in Row (9):

     

      0%

    12.  

      Type Of Reporting Person (See Instructions):

     

      CO


          Page 7 of 11 Pages

     

    ITEM 1(A).

    NAME OF ISSUER:

    BEST, Inc.

     

    ITEM 1(B).

    ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

    2nd Floor, Block A, Huaxing Modern Industry Park, No. 18 Tangmiao Road, Xihu District, Hangzhou, Zhejiang Province 310013, People’s Republic of China

     

    ITEM 2(A).

    NAME OF PERSON FILING:

    Florence Star Worldwide Limited (prior direct ownership)

    Brackenhill Tower Limited (prior direct ownership)

    China Harvest Fund II, L.P.

    China Renaissance Capital Investment II, L.P.

    China Renaissance Capital Investment II GP

    The foregoing persons are sometimes referred to herein individually as a “Reporting Person” and collectively as the “Reporting Persons.”

     

    ITEM 2(B).

    ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

    The address of the principal business office of each of Florence Star Worldwise Limited and Brackenhill Tower Limited is Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands. The address of the principal business office of each of the other Reporting Persons filing this Schedule 13G is M&C Corporate Services Limited, P.O. Box 309GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands.

     

    ITEM 2(C).

    CITIZENSHIP:

    British Virgin Islands:

    Florence Star Worldwide Limited

    Brackenhill Tower Limited

    Cayman Islands:

    China Harvest Fund II, L.P.

    China Renaissance Capital Investment II, L.P.

    China Renaissance Capital Investment II GP

     

    ITEM 2(D).

    TITLE OF CLASS OF SECURITIES:

    Class A Ordinary Shares


          Page 8 of 11 Pages

     

    ITEM 3.

    NOT APPLICABLE.

     

    ITEM 4.

    OWNERSHIP:

    The percentage beneficial ownerships of the Reporting Persons as of July 17, 2023 are set forth below..

     

    Reporting Person

       Amount
    beneficially
    owned:
         Percent
    of
    class:
        Sole power to
    vote or direct
    the vote:
         Shared
    power to
    dispose or to
    direct the
    disposition:
         Sole power
    to dispose or
    to direct the
    disposition
    of:
         Shared power to
    dispose or to
    direct the
    disposition of:
     

    Florence Star Worldwide Limited

         0        0 %      0        0        0        0  

    Brackenhill Tower Limited

         0        0 %      0        0        0        0  

    China Harvest Fund II, L.P.

         0        0 %      0        0        0        0  

    China Renaissance Capital Investment II, L.P.

         0        0 %      0        0        0        0  

    China Renaissance Capital Investment II GP

         0        0 %      0        0        0        0  

    Florence Star Worldwide Limited and Brackenhill Tower Limited sold their entire shareholdings in the Issuer on July 17, 2023.

    China Harvest Fund II, L.P. is the majority owner of Florence Star Worldwide Limited and Brackenhill Tower Limited, and may be deemed to beneficially own all of the shares held by Florence Star Worldwide Limited and Brackenhill Tower Limited.

    China Renaissance Capital Investment II, L.P. is the general partner of China Harvest Fund II, L.P. China Renaissance Capital Investment II GP is the general partner of China Renaissance Capital Investment II, L.P. Each of China Renaissance Capital Investment II GP and China Renaissance Capital Investment II, L.P. may also be deemed to beneficially own all of the shares held by Florence Star Worldwide Limited and Brackenhill Tower Limited.

     

    ITEM 5.

    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

    Not applicable

     

    ITEM 6.

    OWNERSHIP OF MORE THAN FIVE 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:

    Not applicable

     

    ITEM 8.

    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

    Not applicable

     

    ITEM 9.

    NOTICE OF DISSOLUTION OF GROUP:

    Not applicable

     

    ITEM 10.

    CERTIFICATION:

    Not applicable


          Page 9 of 11 Pages

     

    SIGNATURE PAGE

    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.

    Dated: July 26, 2023

     

    Florence Star Worldwide Limited
    By:  

    /s/ Mark Qiu

      Name: Mark Qiu
      Title: Director
    Brackenhill Tower Limited
    By:  

    /s/ Mark Qiu

      Name: Mark Qiu
      Title: Director
    China Harvest Fund II, L.P.
    By China Renaissance Capital Investment II, L.P., its general partner
    By China Renaissance Capital Investment II GP, its general partner
    By:  

    /s/ Mark Qiu

      Name: Mark Qiu
      Title: Director
    China Renaissance Capital Investment II, L.P.
    By China Renaissance Capital Investment II GP, its general partner
    By:  

    /s/ Mark Qiu

      Name: Mark Qiu
      Title: Director
    China Renaissance Capital Investment II GP
    By:  

    /s/ Mark Qiu

      Name: Mark Qiu
      Title: Director


          Page 10 of 11 Pages

     

    EXHIBITS

    Exhibit 1        Joint Filing Agreement

     

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