Basel Medical (BMGL) director details 10.2M indirect shares via funds

Rhea-AI Filing Summary

Basel Medical Group Ltd director Fung Keng Leong filed an initial ownership report showing indirect holdings of the company’s ordinary shares. The filing states that Rainforest Capital VCC, a Singapore variable capital company, holds 10,205,229 ordinary shares of Basel Medical Group Ltd on behalf of four subfunds.

The footnote explains that Fung is an ultimate beneficial owner of the Basel Medical Fund subfund and may be deemed to beneficially own the shares that Rainforest Capital VCC holds for that subfund. He disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest in them.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fung Keng Leong

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary shares with no par value	--	--	--

Holdings After Transaction: Ordinary shares with no par value — 10,205,229 shares (Indirect, See footnote)

Footnotes (1)

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Key Figures

Indirect ordinary shares: 10,205,229 shares Basel Medical Fund allocation: 10,028,560 shares Other subfund allocations: 23,256; 46,512; 106,901 shares

3 metrics

Indirect ordinary shares 10,205,229 shares Ordinary shares of Basel Medical Group Ltd held by Rainforest Capital VCC subfunds

Basel Medical Fund allocation 10,028,560 shares Shares held by Rainforest Capital VCC for Basel Medical Fund

Other subfund allocations 23,256; 46,512; 106,901 shares Shares held for Fan Mingchun, Wei Hua, and Baselcorp Capital subfunds

Key Terms

variable capital company, ultimate beneficial owner, beneficially own, pecuniary interest

4 terms

variable capital company financial

"Rainforest Capital VCC is a variable capital company incorporated in Singapore"

ultimate beneficial owner financial

"Keng Leong Fung (Raymond) is an ultimate beneficial owner of Basel Medical Fund"

The ultimate beneficial owner is the real person who ultimately owns or controls a company or asset, even if ownership is hidden behind layers of other companies, trusts, or nominees. Investors care because knowing who truly pulls the strings reveals who makes decisions and assumes risk, helps spot conflicts of interest or legal exposure, and improves trust and compliance — think of it as finding the owner behind a curtain rather than the front-facing spokesperson.

beneficially own financial

"may be deemed to beneficially own the shares that Rainforest Capital VCC holds"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Fung Keng Leong

(Last) (First) (Middle)

6 NAPIER ROAD,

UNIT #02-10/11 GLENEAGLES MEDICAL CENTRE

(Street)

SINGAPORE 258499

(City) (State) (Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Basel Medical Group Ltd [ BMGL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary shares with no par value	10,205,229	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Rainforest Capital VCC is a variable capital company incorporated in Singapore and holds 10,028,560 ordinary shares, 23,256 ordinary shares, 46,512 ordinary shares, and 106,901 ordinary shares of Basel Medical Group Ltd (the "Issuer") on behalf of Rainforest Capital VCC's four subfunds, Basel Medical Fund, Fan Mingchun, Wei Hua and Baselcorp Capital respectively. Keng Leong Fung (Raymond) is an ultimate beneficial owner of Basel Medical Fund and may be deemed to beneficially own the shares that Rainforest Capital VCC holds in the Issuer. Keng Leong Fung (Raymond) is also a director of the Issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	/s/ Keng Leong Fung	04/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Basel Medical Group (BMGL) Form 3 filing show for Fung Keng Leong?

The Form 3 shows director Fung Keng Leong’s indirect holdings in Basel Medical Group. Rainforest Capital VCC holds 10,205,229 ordinary shares for four subfunds, and Fung may be deemed to beneficially own shares held for the Basel Medical Fund.

How many Basel Medical Group (BMGL) shares does Rainforest Capital VCC hold?

Rainforest Capital VCC holds 10,205,229 ordinary shares of Basel Medical Group. These consist of 10,028,560 shares, 23,256 shares, 46,512 shares, and 106,901 shares held on behalf of four separate subfunds named in the filing footnote.

How is Fung Keng Leong connected to Rainforest Capital VCC’s Basel Medical holdings?

Fung Keng Leong is an ultimate beneficial owner of the Basel Medical Fund, one of Rainforest Capital VCC’s subfunds. Because of this role, he may be deemed to beneficially own the Basel Medical Group shares that Rainforest Capital VCC holds for that specific subfund.

Does Fung Keng Leong claim full beneficial ownership of all BMGL shares reported?

No, Fung Keng Leong expressly disclaims beneficial ownership of the reported Basel Medical Group securities. He only acknowledges beneficial ownership to the extent of his pecuniary interest in the shares held through the Basel Medical Fund subfund.

Are the BMGL shares in this Form 3 held directly or indirectly by Fung Keng Leong?

The Basel Medical Group shares in this Form 3 are held indirectly. They are registered in the name of Rainforest Capital VCC for four subfunds, with Fung’s interest arising through his beneficial ownership role in the Basel Medical Fund subfund only.