ILAG CEO details ordinary and preferred holdings in Form 3 filing
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Intelligent Living Application Group Inc. director and Chief Executive Officer Bong Lau filed an initial statement of ownership. He reports holding 234,000 ordinary shares, 200,000 Series A preferred shares convertible 1:1 into ordinary shares with 20 votes each, and 1,000,000 Series B preferred shares convertible 1:1 with 50 votes each.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lau Bong Yu
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Series A Preferred Shares | -- | -- | -- |
| holding | Series B Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 234,000 shares (Direct);
Series A Preferred Shares — 200,000 shares (Direct);
Series B Preferred Shares — 1,000,000 shares (Direct)
Footnotes (1)
- Mr. Bong Lau owns 200,000 series A preferred shares of the Issuer. Each series A preferred share is convertible into one ordinary share of the Issuer at the holder's option. Each series A preferred share has 20 votes at the general meetings of the Issuer. Mr. Bong Lau owns 1,000,000 series B preferred shares of the Issuer. Each series B preferred share is convertible into one ordinary share of the Issuer at the holder's option. Each series B preferred share has 50 votes at the general meetings of the Issuer.
FAQ
What does ILAG's latest Form 3 filing show about Bong Lau's ownership?
The Form 3 shows CEO Bong Lau’s initial ownership in Intelligent Living Application Group Inc. He reports 234,000 ordinary shares, plus 200,000 Series A and 1,000,000 Series B preferred shares, both series convertible into ordinary shares at a one-for-one ratio at the holder’s option.