JBDI Holdings Ltd (JBDI) insider reports 12.62% ownership stake
Rhea-AI Filing Summary
Siow Kim Lian, a Singapore shareholder, reports beneficial ownership of 2,497,148 Ordinary Shares of JBDI Holdings Ltd, representing 12.62% of the outstanding Ordinary Shares. She holds sole voting and sole dispositive power over this entire stake.
The position arises from a corporate reorganization on May 30, 2023, where shares were received from the issuer in exchange for another entity’s shares, and from a 2:1 forward stock split effective February 7, 2024. A 1:2 reverse split expected on or about June 29, 2026 will reduce her holdings to 1,248,574 shares while keeping her ownership percentage unchanged. She reports no transactions in the past 60 days and states no current plans regarding major corporate actions.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Key Figures
Shares beneficially owned: 2,497,148 Ordinary Shares
Equity ownership percentage: 12.62%
Post–reverse split shares: 1,248,574 shares
+3 more
6 metrics
Shares beneficially owned
2,497,148 Ordinary Shares
Beneficially owned by the reporting person, representing 12.62% of outstanding Ordinary Shares
Equity ownership percentage
12.62%
Equity holdings represented by 2,497,148 Ordinary Shares of the issuer
Post–reverse split shares
1,248,574 shares
Number of shares after 1:2 reverse split expected on or about June 29, 2026
Forward stock split ratio
2:1
Forward stock split effective February 7, 2024 affecting the reporting person’s holdings
Reverse stock split ratio
1:2
Reverse split expected to be effective on or about June 29, 2026
Date of event requiring filing
08/06/2024
Date of event which requires filing of this beneficial ownership statement
Key Terms
beneficially owned, sole dispositive power, Schedule 13D, forward stock split, +1 more
5 terms
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 2,497,148.00"
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.
sole dispositive power financial
"Sole Dispositive Power 2,497,148.00"
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"
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.
forward stock split financial
"pursuant to 2:1 forward stock split effective February 7, 2024"
A forward stock split is when a company increases the number of its shares by dividing each existing share into smaller parts. This makes the stock price lower and more affordable for investors, similar to splitting a pizza into more slices so everyone can get a smaller piece. It doesn't change the company's total value, just how it's divided among shareholders.
reverse split financial
"will be reduced to 1,248,574 shares in accordance with a reverse split"
A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Siow Kim Lian acquire her 12.62% ownership in JBDI (JBDI)?
Her stake comes from a corporate reorganization on May 30, 2023, where she received JBDI Ordinary Shares in exchange for another entity’s shares, and from a 2:1 forward stock split that became effective on February 7, 2024.
What key stock split actions affecting JBDI (JBDI) are disclosed in this ownership report?
The report describes a 2:1 forward stock split effective February 7, 2024 that increased share count and a planned 1:2 reverse split expected on or about June 29, 2026, which will halve the share count but keep ownership percentages unchanged.