FinVolution director reports 52,383,400 Class B shares
FinVolution Group director Hu Honghui filed an initial Form 3 showing a large indirect stake in the company.
Rhea-AI Filing Summary
FinVolution Group director Hu Honghui filed an initial Form 3 showing a large indirect stake in the company. The filing reports beneficial ownership of 52,383,400 Class B ordinary shares, held through Emma & Oliver Holding Limited.
Each Class B ordinary share carries twenty votes, compared with one vote for each Class A ordinary share, and is convertible into one Class A ordinary share at any time by the holder. This structure gives Hu Honghui significant voting power relative to the economic number of shares.
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- F1. Holders of Class A ordinary shares are entitled to one vote per share in respect of matters requiring the votes of shareholders, while holders of Class B ordinary shares are entitled to twenty votes per share. Each Class B ordinary share is convertible into one Class A ordinary share at any time by the holder.
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