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[SCHEDULE 13G] Enigmatig Limited SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary

Enigmatig Limited reports that Foo Chee Weng Desmond beneficially owns 15,750,000 Class B ordinary shares, with sole voting and sole dispositive power over those shares. On an as-converted basis—treating Class B shares as convertible into Class A for percentage calculations—this holding represents 56.2% of the outstanding Class A-equivalent shares, based on the issuer's reported share counts. Each Class B ordinary share carries 10 votes and is convertible into one Class A ordinary share at the holder's option, while Class A shares carry one vote each.

The filing discloses that the reporting person has no shared voting or dispositive power and holds full control of the reported stake. The statement is a factual ownership disclosure and does not include any other transactions, arrangements, or third-party holdings.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: The filing shows a single holder with a majority as-converted stake and full sole voting control of the issuer.

The disclosure that Foo Chee Weng Desmond holds 15,750,000 Class B shares and sole voting/dispositive power is materially significant because it yields a >50% ownership on an as-converted basis. For securities analysts this clarifies the ownership structure and voting dynamics: Class B shares provide amplified voting influence (10 votes each) and are convertible into Class A shares at the holder's option, concentrating decision-making power. The filing contains no other indicative transactions or agreements that would change the capital structure.

TL;DR: Concentrated Class B ownership produces decisive voting control, raising governance implications for minority holders.

The reporting shows complete sole voting authority over 15,750,000 Class B shares and a computed 56.2% as-converted stake, demonstrating a dominant governance position. From a governance perspective, the combination of enhanced voting rights (10 votes per Class B share) and sole dispositive power means the reporting person can unilaterally influence corporate decisions that require shareholder approval. The filing does not disclose any shareholder agreements or power-sharing arrangements that might mitigate concentration.






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)






SCHEDULE 13G




Comment for Type of Reporting Person: Note to Row (11): The calculation of 56.2% (on an as-converted basis) is based on (i) the numerator of 15,750,000, being the number of the Class B ordinary shares held by Foo Chee Weng Desmond and (ii) the denominator of 28,005,200, being the sum of (x) 12,255,200, being the number of the Issuer's Class A ordinary shares issued and outstanding as of June 30, 2025 as provided by the Issuer, and (y) 15,750,000, being the number of the Issuer's total Class B ordinary shares issued and outstanding as of June 30, 2025 as provided by the Issuer. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. Each Class A ordinary share is entitled to one vote. Each Class B ordinary share is entitled to 10 votes. Each Class B ordinary share is convertible into a Class A ordinary share at any time by the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.


SCHEDULE 13G



Foo Chee Weng Desmond
Signature:/s/ Foo Chee Weng Desmond
Name/Title:Foo Chee Weng Desmond
Date:08/14/2025

FAQ

How many shares of Enigmatig (EGG) does Foo Chee Weng Desmond own?

The filing states 15,750,000 Class B ordinary shares beneficially owned by Foo Chee Weng Desmond.

What percentage of Enigmatig (EGG) does this ownership represent?

On an as-converted basis the holding represents 56.2% of the outstanding Class A-equivalent shares as reported in the filing.

What voting power do Class B shares carry in Enigmatig (EGG)?

Each Class B ordinary share is entitled to 10 votes; each Class A ordinary share is entitled to one vote.

Does the reporting person share voting or dispositive power with others?

No. The filing discloses sole voting power and sole dispositive power over the 15,750,000 Class B shares and 0 shared voting or dispositive power.

Are Class B shares convertible into Class A shares?

Yes. The filing states Class B ordinary shares are convertible into Class A ordinary shares at the holder's option.
Enigmatig Limited

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