HomesToLife (HTLM) director discloses control over 85M shares
Rhea-AI Filing Summary
HomesToLife Ltd director and major shareholder Phua Yong Pin has filed an initial statement of ownership on Form 3. The filing reports indirect beneficial ownership of 85,012,500 ordinary shares through two entities.
The position consists of 50% of 10,012,500 ordinary shares held by Golden Hill Capital Ltd and 50% of 75,000,000 ordinary shares held by New Century International Homes Pte. Ltd. Phua is one of two directors of each entity and holds 50% of the voting and dispositive power over all shares held by both companies.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phua Yong Pin
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)
- F1. Such number of shares consists of (i) 50% of 10,012,500 ordinary shares held directly by Golden Hill Capital Ltd, and (ii) 50% of 75,000,000 ordinary shares held directly by New Century International Homes Pte. Ltd. Phua Yong Pin is one of two directors of Golden Hill Capital Ltd and holds 50% of the voting and dispositive power over all shares held by Golden Hill Capital Ltd. Phua Yong Pin is one of two directors of New Century International Homes Pte. Ltd. and holds 50% of the voting and dispositive power over all shares held by New Century International Homes Pte. Ltd.
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FAQ
What does the HomesToLife (HTLM) Form 3 filing by Phua Yong Pin show?
The Form 3 shows that director and major shareholder Phua Yong Pin has indirect beneficial ownership of 85,012,500 ordinary shares of HomesToLife Ltd through two entities where he shares voting and dispositive power.
Why is Phua Yong Pin classified as a ten percent owner of HomesToLife (HTLM)?
He is classified as a ten percent owner because the Form 3 indicates indirect beneficial ownership of 85,012,500 ordinary shares, held via entities where he has 50% voting and dispositive power, exceeding the 10% ownership threshold.