Summary by Moomoo AI
On December 29, 2023, Baillie Gifford & Co, a Scottish partnership, filed a Schedule 13G with the Securities and Exchange Commission (SEC), indicating a significant ownership stake in Sea Limited. The filing was made under Rule 13d-1(b) of the Securities Exchange Act of 1934. Baillie Gifford & Co reported sole voting power over 22,321,284 shares and sole dispositive power over 34,183,394 shares of Sea Limited's Class A Ordinary Shares. These shares are equivalent to 34,183,394 American Depositary Shares (ADS), with each ADS representing one ordinary share. The total ownership represents 6.56% of the class, classifying Baillie Gifford & Co as a major investor in the company. The address of Sea Limited's principal executive offices is listed as 1 Fusionopolis Place, #17-10, Galaxis, Singapore. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Sea Limited.