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TAL Education Group — Major Shareholding Notification 2012
Feb 14, 2012
30878_mrq_2012-02-14_bebae146-2394-4380-ac08-b28ff09db5e6.zip
Major Shareholding Notification
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SC 13G/A 1 schedule13ga.htm SCHEDULE 13G/A (HILLHOUSE CAPITAL MANAGEMENT, LTD.) schedule13ga.htm Licensed to: Scudder Law Firm, P.C., L.L.O. Document Created using EDGARizer 2020 5.4.1.0 Copyright 1995 - 2009 Thomson Reuters. All rights reserved.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
TAL Education Group
(Name of Issuer)
American Depository Shares
(Title of Class of Securities)
874080104
(CUSIP Number)
December 31, 2011
(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) |
|---|---|
| [X] | 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.
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. 874080104
| 1) | NAMES OF REPORTING PERSONS: |
|---|---|
| Hillhouse Capital Management, Ltd. | |
| 2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: |
| (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 | 510,057 |
|---|---|---|
| 6) | SHARED VOTING POWER | 0 |
| 7) | SOLE DISPOSITIVE POWER | 510,057 |
| 8) | SHARED DISPOSITIVE POWER | 0 |
| 9) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: | 510,057 |
|---|---|---|
| 10) | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: | [ ] |
| 11) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | 2.5% (see Item 4) |
| 12) | TYPE OF REPORTING PERSON: | OO |
| Item 1(a). | Name of Issuer: |
|---|---|
| TAL Education Group | |
| Item 1(b). | Address of Issuer's Principal Executive Offices: |
| 18/F, Hesheng Building, 32 Zhongguancun Avenue, Haidian District | |
| Beijing 100080 | |
| People's Republic of China | |
| Item 2(a). | Name of Person Filing: |
| Hillhouse Capital Management, Ltd. | |
| Item 2(b). | Address or Principal Business Office: |
| Walkers Corporate Services Limited | |
| Walker House, 87 Mary Street | |
| George Town | |
| Grand Cayman | |
| Cayman Islands, KY1-9005 | |
| Item 2(c). | Citizenship: |
| Cayman Islands | |
| Item 2(d). | Title of Class of Securities: |
| American Depository Shares, par value $0.001 per share | |
| (Each ADS represents two (2) Class A Common Shares) | |
| Item 2(e). | CUSIP Number: |
| 874080104 | |
| Item 3. | Not Applicable |
| Item 4. | Ownership: |
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
| (a) Amount beneficially owned: 510,057 |
|---|
| (b) Percent of class: 2.5% (1) |
| (c) Number of shares as to which the person has: |
| i. Sole power to vote or to direct the vote: 510,057 |
|---|
| ii. Shared power to vote or to direct the vote: 0 |
| iii. Sole power to dispose or to direct the disposition of: 510,057 |
| iv. Shared power to dispose or to direct the disposition of: 0 |
(1) The reporting person identified in Item 2(a) above holds American Depository Shares, each representing two (2) Class A Common Shares. The percentages used herein are calculated based on 40,152,000 shares of Class A Common Stock issued and outstanding as of November 30, 2011.
| Item 5. | Ownership of Five Percent or Less of a Class: |
|---|---|
| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ X ] | |
| 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: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
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: February 14, 2012
HILLHOUSE CAPITAL MANAGEMENT, LTD.
| By: |
|---|
| Cuifang (Tracy) Ma, Managing Director |