Greenpro Capital (NASDAQ: GRNQ) CEO lifts ownership to 11.62% stake
Rhea-AI Filing Summary
Greenpro Capital Corp. CEO Lee Chong Kuang has increased his ownership stake and updated his Schedule 13D filing. On June 30, 2026, he purchased 65,591 shares of common stock from the company in a private placement at $1.5246 per share, for a total of $100,000.
Following this transaction, he beneficially owned 2,106,799 shares, or about 11.62% of Greenpro Capital’s outstanding common stock, including shares held by his spouse. He states the shares were acquired for investment purposes and to provide financial support for the company’s operations.
Positive
- None.
Negative
- None.
Key Figures
New shares purchased: 65,591 shares
Purchase price per share: $1.5246 per share
Aggregate purchase amount: $100,000
+5 more
8 metrics
New shares purchased
65,591 shares
Common stock acquired June 30, 2026 in private placement
Purchase price per share
$1.5246 per share
Price under Subscription Agreement dated June 30, 2026
Aggregate purchase amount
$100,000
Personal funds used by reporting person for new shares
Total beneficial ownership
2,106,799 shares
Shares beneficially owned as of June 30, 2026
Ownership percentage
11.62%
Portion of outstanding common stock as of June 30, 2026
Shares held directly
1,940,884 shares
Common stock held directly by reporting person
Spouse’s shares
165,915 shares
Common stock held directly by spouse, deemed beneficially owned
Shares outstanding
18,127,663 shares
Issuer’s outstanding common stock as of June 30, 2026
Key Terms
beneficially owned, Subscription Agreement, private placement, sole dispositive power, +2 more
6 terms
beneficially owned financial
"As of June 30, 2026, the Reporting Person beneficially owned an aggregate of 2,106,799 shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Subscription Agreement financial
"pursuant to the Subscription Agreement, dated June 30, 2026, at a purchase price of $1.5246 per share"
A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.
private placement financial
"acquired 65,591 shares of Common Stock from the Issuer in a private placement pursuant to a Subscription Agreement"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
sole dispositive power financial
"The Reporting Person has sole voting power and sole dispositive power over 1,940,884 shares of Common Stock"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Greenpro Capital (GRNQ) does Lee Chong Kuang control after this filing?
After the reported transaction, Lee Chong Kuang beneficially owns about 11.62% of Greenpro Capital’s outstanding common stock. This percentage is based on 18,127,663 shares of common stock outstanding as of June 30, 2026, as disclosed in the filing.
What transaction triggered this amended Schedule 13D for Greenpro Capital (GRNQ)?
The amendment was triggered by Lee Chong Kuang’s purchase of 65,591 shares of common stock on June 30, 2026. He bought these shares directly from Greenpro Capital in a private placement under a Subscription Agreement at $1.5246 per share.
How are Lee Chong Kuang’s and his spouse’s Greenpro Capital (GRNQ) holdings treated in this filing?
The filing shows 1,940,884 shares held directly by Lee Chong Kuang and 165,915 shares held directly by his spouse, Yap Pei Ling. He has sole voting and dispositive power over his shares and shared power over the shares held by his spouse.