L1 Capital Global Opportunities Master Fund, Ltd. reported beneficial ownership of 2,091,421 Class A Ordinary Shares of CCH Holdings Ltd, representing 9.99% of the class. This position includes 1,717,309 shares issuable upon conversion of a Senior 8% Original Issue Discount Convertible Promissory Note and 374,112 shares issuable upon exercise of Warrants, each subject to a 9.99% beneficial ownership limitation. The ownership percentage is calculated based on 18,843,727 Class A Ordinary Shares outstanding. L1 Capital has sole voting and dispositive power over all reported shares, while the directors David Feldman and Joel Arber may be deemed beneficial owners but each disclaims beneficial ownership for all other purposes.
Positive
None.
Negative
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Key Figures
Beneficially owned shares:2,091,421 sharesOwnership percentage:9.99%Shares from convertible note:1,717,309 shares+3 more
6 metrics
Beneficially owned shares2,091,421 sharesClass A Ordinary Shares beneficially owned by L1 Capital Global Opportunities Master Fund, Ltd.
Ownership percentage9.99%Percentage of CCH Holdings Ltd Class A Ordinary Shares beneficially owned
Shares from convertible note1,717,309 sharesClass A Ordinary Shares issuable upon conversion of Senior 8% Original Issue Discount Convertible Promissory Note
Shares from warrants374,112 sharesClass A Ordinary Shares issuable upon exercise of Warrants, subject to 9.99% beneficial ownership limitation
Outstanding shares baseline18,843,727 sharesClass A Ordinary Shares outstanding used to calculate L1 Capital’s ownership percentage
Note interest rate8%Interest rate on the Senior 8% Original Issue Discount Convertible Promissory Note
Key Terms
Senior 8% Original Issue Discount Convertible Promissory Note, beneficial ownership limitation, beneficially own, dispositive power, +1 more
5 terms
Senior 8% Original Issue Discount Convertible Promissory Notefinancial
"issuable upon conversion of the Senior 8% Original Issue Discount Convertible Promissory Note"
beneficial ownership limitationfinancial
"374,112 Warrants, each of which are subject to a 9.99% beneficial ownership limitation"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
beneficially ownfinancial
"may be deemed to beneficially own (as that term is defined in Rule 13d-3 )"
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.
dispositive powerfinancial
"Sole Dispositive Power 2,091,421.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13Gregulatory
"The percentage set forth on Row (11) of the cover page for the Reporting Person"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
What percentage of CCHH does L1 Capital Global Opportunities Master Fund own?
L1 Capital Global Opportunities Master Fund reports beneficial ownership of 9.99% of CCH Holdings Ltd’s Class A Ordinary Shares. This percentage is based on 18,843,727 shares outstanding, using issuer transfer agent data and a Form 6-K dated July 31, 2026.
How many CCHH shares does L1 Capital beneficially own and in what form?
L1 Capital beneficially owns 2,091,421 CCH Holdings Ltd Class A Ordinary Shares. This consists of 1,717,309 shares issuable from a Senior 8% Original Issue Discount Convertible Promissory Note and 374,112 shares issuable upon exercise of Warrants.
What is the beneficial ownership limitation disclosed for CCHH by L1 Capital?
Both the convertible note and the Warrants held by L1 Capital are subject to a 9.99% beneficial ownership limitation. This cap restricts conversions or exercises that would result in L1 Capital owning more than 9.99% of CCH Holdings Ltd’s outstanding Class A shares.
On how many outstanding CCHH shares is L1 Capital’s 9.99% stake based?
The reported 9.99% ownership is calculated using 18,843,727 Class A Ordinary Shares outstanding. This outstanding share figure comes from the issuer’s transfer agent shareholder list and a Form 6-K filed on July 31, 2026.
Who controls voting and disposition of CCHH shares held by L1 Capital?
L1 Capital Global Opportunities Master Fund has sole voting and sole dispositive power over 2,091,421 CCH Holdings Ltd shares. It reports no shared voting or dispositive power over any shares in this Schedule 13G filing.
Do David Feldman and Joel Arber personally own the reported CCHH securities?
David Feldman and Joel Arber, directors of L1 Capital Global Opportunities Master Fund, may be deemed to beneficially own the 2,091,421 shares under Rule 13d-3, but each disclaims beneficial ownership of these securities for all other purposes.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CCH Holdings Ltd
(Name of Issuer)
Class A Ordinary Shares, $ 0.00001 par value
(Title of Class of Securities)
G1993F114
(CUSIP Number)
07/31/2026
(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)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G1993F114
1
Names of Reporting Persons
L1 Capital Global Opportunities Master Fund, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(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
2,091,421.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,091,421.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,091,421.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.99 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CCH Holdings Ltd
(b)
Address of issuer's principal executive offices:
No. 1, Jalan Perda Jaya, Kawasan Perniagaan Perda Jaya, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
Item 2.
(a)
Name of person filing:
L1 Capital Global Opportunities Master Fund, Ltd.
(b)
Address or principal business office or, if none, residence:
3rd Floor, Citrus Grove Building, 106 Goring Ave.
George Town
PO Box 10085
Grand Cayman, Cayman Islands KY1-1001
(c)
Citizenship:
Cayman Islands
(d)
Title of class of securities:
Class A Ordinary Shares, $ 0.00001 par value
(e)
CUSIP Number(s):
G1993F114
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
2,091,421
The amounts in Row (5), (7) and (9) represent 1,717,309 Class A Ordinary Shares issuable upon conversion of the Senior 8% Original Issue Discount Convertible Promissory Note and 374,112 Warrants, each of which are subject to a 9.99% beneficial ownership limitation. The percentage set forth on Row (11) of the cover page for the Reporting Person is based on 18,843,727 Class A Ordinary Shares outstanding, based on a shareholder list from the Issuer's transfer agent and a Report of Foreign Private Issuer on Form 6-K, filed with the Securities and Exchange Commission on July 31, 2026. The outstanding Class A Ordinary Shares gives no effect to any exercise of Warrants.
David Feldman and Joel Arber are the Directors of L1 Capital Global Opportunities Master Fund, Ltd. As such, L1 Capital Global Opportunities Master Fund, Ltd., Mr. Feldman, and Mr. Arber may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the issuer's securities described herein. To the extent Mr. Feldman and Mr. Arber are deemed to beneficially own such securities, Mr. Feldman and Mr. Arber disclaim beneficial ownership of these securities for all other purposes.
(b)
Percent of class:
9.99%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
2,091,421
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
2,091,421
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 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.
Certifications:
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, other than activities solely in connection with a nomination under § 240.14a-11.
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.