BUUU Group (BUUU) director discloses 2M-share Class A stake
Rhea-AI Filing Summary
BUUU Group Ltd director and over-10% owner Nana Chan filed an initial ownership report showing indirect holdings of 2,000,000 Class A Ordinary Shares. The shares are held through entities referenced in the filing footnote. The footnote states that BUBI Services Limited holds 6,040,000 Class A Ordinary Shares, and its board consists only of Ms. Chan and CEO Wai Kwong Poon, who together have voting and dispositive power over those shares and may be deemed their beneficial owners as a group.
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FAQ
What does BUUU Group (BUUU) director Nana Chan report on this Form 3?
The Form 3 shows that Nana Chan, a director and over-10% owner of BUUU Group, reports indirect ownership of 2,000,000 Class A Ordinary Shares. This establishes her status and stake size as a significant shareholder at the time of the filing.
How many BUUU Group (BUUU) shares does BUBI Services Limited hold?
The filing footnote states that BUBI Services Limited owns 6,040,000 Class A Ordinary Shares of BUUU Group. These shares are subject to voting and dispositive power jointly held by Nana Chan and CEO Wai Kwong Poon through BUBI’s board structure.
How is BUUU director Nana Chan connected to BUBI Services Limited?
BUBI Services Limited is owned 40% by Nana Chan, 40% by CEO Wai Kwong Poon, and 20% by Perfect Wood Limited. Chan and Poon are BUBI’s only directors, giving them joint voting and dispositive power over its BUUU Group shareholdings.
Why is Nana Chan considered a more-than-10% owner of BUUU (BUUU)?
The filing identifies Nana Chan as a director and more-than-10% owner because she may be deemed a beneficial owner of shares held by BUBI Services Limited. Her indirect holdings and joint control over BUBI’s 6,040,000 shares support this status.
Does the BUUU Group (BUUU) Form 3 show any recent insider buying or selling?
No specific buy or sell transactions are reported. The Form 3 primarily provides an initial statement of beneficial ownership, listing indirect holdings and the governance structure through which Nana Chan and CEO Wai Kwong Poon control BUBI Services Limited’s BUUU shares.