By OCTASTAFF From OCTA FINANCE

Lei Zhang’s Hillhouse Capital Management, Ltd increased Position in Qunar Cayman Islands Ltd (NASDAQ:QUNR)

Hillhouse Capital Management, Ltd has filled a SC 13D/A form regarding Qunar Cayman Islands Ltd 44.99 +0.40 0.91%. Per Lei Zhang’s Hillhouse Capital Management, Ltd’s filling, the filler reported increased stake in the company by 0.79% to 17,160,451 shares. Lei Zhang’s Hillhouse Capital Management, Ltd now owns 12.77% of the company. This form was required due to trading activity on April 9, 2015.

The $11.07 billion hedge fund looks more positive after such an increase of Qunar Cayman Islands Ltd’s position.

The hedge fund has been active in the Finance sector recently. In the fund’s latest 13F, it revealed several positions. This sector is 22% of Lei Zhang’s Hillhouse Capital Management, Ltd’s US equities portfolio.

Why Lei Zhang’s Hillhouse Capital Management, Ltd Holds Qunar Cayman Islands Ltd (NASDAQ:QUNR)

Purpose of Transaction
The Hillhouse Entities purchased the securities reported herein for investment purposes to participate in any appreciation in the price of the ADSs.

Except as disclosed in this Schedule 13D, the Reporting Person currently has no plans or proposals that relate to or would result in any transaction, event or action enumerated in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Person may, however, at any time and from time to time, review or reconsider its position and/or change its purpose and/or formulate plans or proposals with respect to those items and/or may determine to acquire additional securities of the Issuer or dispose of or hedge its investment in securities of the Issuer.

Form 13D is SEC filing that must be submitted within 10 days, by anyone who acquires beneficial ownership of more than 5% of any publicly traded securities. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing. These filings may be a precursor to hostile takeovers, company breakups, and other “change of control” events.

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