HomesToLife (HTLM) insider discloses 85,012,500 indirect shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
HomesToLife Ltd director and 10% owner Phua Yong Tat has filed an initial Form 3 reporting his beneficial ownership in the company. He indirectly holds 85,012,500 ordinary shares as of the reporting date, through Golden Hill Capital Ltd and New Century International Homes Pte. Ltd.
According to the disclosure, he is one of two directors at each entity and holds 50% of the voting and dispositive power over the shares they hold. The filing records existing indirect holdings and does not report any recent share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phua Yong Tat
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 85,012,500 shares (Indirect, See footnote)
Footnotes (1)
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FAQ
What does Phua Yong Tat disclose in his HomesToLife (HTLM) Form 3 filing?
He discloses indirect beneficial ownership of 85,012,500 ordinary shares of HomesToLife Ltd. These shares are held through Golden Hill Capital Ltd and New Century International Homes Pte. Ltd., where he shares voting and dispositive power.
Is the HomesToLife (HTLM) Form 3 a report of new insider trades?
No, this Form 3 reports existing indirect holdings of HomesToLife ordinary shares by Phua Yong Tat. The filing does not show any new purchases or sales, only the number of shares he beneficially owns through affiliated entities.
Why is Phua Yong Tat classified as a 10% owner of HomesToLife (HTLM)?
He is classified as a 10% owner because his indirect beneficial ownership of 85,012,500 ordinary shares represents a significant stake. This level of ownership requires public disclosure via Form 3 as a major shareholder and director.