Empro Group (EMPG) COO discloses 270,000 indirect shares on initial Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Empro Group Inc. (EMPG) director and Chief Operating Officer Chin Gan Keat filed an initial Form 3 reporting indirect ownership of 270,000 ordinary shares. The shares are held by an entity in which the reporting person’s spouse owns 50% of the equity interests, and he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chin Gan Keat
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares, par value $0.0001 | -- | -- | -- |
Holdings After Transaction:
Ordinary shares, par value $0.0001 — 270,000 shares (Indirect, See footnote)
Footnotes (1)
- [object Object]
Key Figures
Indirect ordinary shares: 270,000 shares
Buy transactions: 0 shares
Sell transactions: 0 shares
+2 more
5 metrics
Indirect ordinary shares
270,000 shares
Total shares beneficially owned indirectly following Form 3
Buy transactions
0 shares
No purchases reported in transaction summary
Sell transactions
0 shares
No sales reported in transaction summary
Holding entries
1 entry
Form 3 records a single holding position
Spouse equity interest
50%
Spouse owns 50% of the holding entity’s equity interests
Key Terms
Form 3, indirect ownership, beneficial ownership, pecuniary interest, +1 more
5 terms
Form 3 regulatory
"Chin Gan Keat filed an initial Form 3 reporting indirect ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
indirect ownership financial
"reporting indirect ownership of 270,000 ordinary shares"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the shares except to the extent of his pecuniary interest"
FAQ
What does Empro Group (EMPG) disclose in Chin Gan Keat’s Form 3?
The Form 3 shows that Chin Gan Keat, a director and Chief Operating Officer of Empro Group, reports indirect ownership of 270,000 ordinary shares. This is an initial beneficial ownership statement, not a buy or sell transaction.
Is Chin Gan Keat’s ownership in EMPG held directly or indirectly?
The Form 3 reports Chin Gan Keat’s interest in Empro Group as indirect ownership. The 270,000 shares are held by an entity, rather than in his own name, and are therefore coded as indirect in the filing.