Group Ltd (JMG) insider Chun Kwok Stanley Ting reports 41.3% stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Group Ltd insider Chun Kwok Stanley Ting reports beneficial ownership of 8,160,000 ordinary shares, representing 41.3% of the class. These ordinary shares have a par value of $0.0000625 per share and trade under CUSIP G5146R107.
The filing states that 16,000,000 ordinary shares were outstanding as of the report date, and that Ting has sole voting and sole dispositive power over the 8,160,000 shares, with no shared voting or shared dispositive power.
Positive
- None.
Negative
- None.
FAQ
What ownership stake does Chun Kwok Stanley Ting report in JMG (Group Ltd)?
Chun Kwok Stanley Ting reports beneficial ownership of 8,160,000 ordinary shares of Group Ltd, representing 41.3% of the outstanding class. This gives him significant influence over shareholder decisions through voting and dispositive power.
What dispositive power is reported for Chun Kwok Stanley Ting in Group Ltd?
Chun Kwok Stanley Ting holds sole dispositive power over 8,160,000 ordinary shares and no shared dispositive power. Sole dispositive power means he can decide if and when these shares are sold or otherwise transferred.
Why did Chun Kwok Stanley Ting file a Schedule 13G for JMG?
He filed a Schedule 13G because he beneficially owns more than 5% of Group Ltd’s ordinary shares. U.S. securities rules require large shareholders to disclose their holdings and voting power once their ownership exceeds this threshold.
What type of securities does Chun Kwok Stanley Ting hold in Group Ltd?
The filing covers ordinary shares of Group Ltd with a par value of $0.0000625 per share, identified by CUSIP G5146R107. These are the company’s primary equity securities reported as beneficially owned by him.