K-TECH SOLUTIONS (KMRK) CEO discloses 5.5M-share stake and concert agreement
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
K-TECH SOLUTIONS CO LTD director and CEO Kwok Yiu Keung has filed an initial ownership report outlining his equity stake in the company. He directly holds 4,000,000 Class A Ordinary Shares and 1,500,000 Class B Ordinary Shares. The Class B shares are each convertible into one Class A share under the company’s governing documents. A prior Acting in Concert Agreement shows that the controlling shareholders collectively own 12,000,000 Class A Ordinary Shares and 4,500,000 Class B Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kwok Yiu Keung
Role
Director and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 1,500,000 shares (Direct, null);
Class A Ordinary Shares — 4,000,000 shares (Direct, null)
Footnotes (1)
- On December 2, 2024, Mr. Kwok Yiu Fai, Mr. Kwok Yiu Keung and Mr. Kwok Yiu Wah ("Controlling Shareholders") entered into an Acting in Concert Agreement pursuant to which they undertake to act in concert in relation to all matters that require the decisions of the shareholders of the Issuer. As a result of the Acting in Concert Agreement, our Controlling Shareholders collectively own 12,000,000 class A ordinary shares and 4,500,000 class B ordinary shares. Each share of Class B Ordinary Shares held by the Reporting Person will automatically convert into one share of Class A Ordinary Shares upon the sale or transfer of such share of Class B Ordinary Shares, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Ordinary Shares will also be convertible at any time at the option of the Reporting Person into one share of Class A Ordinary Shares.
Key Figures
Direct Class A holdings: 4,000,000 Class A Ordinary Shares
Direct Class B holdings: 1,500,000 Class B Ordinary Shares
Collective Class A holdings: 12,000,000 Class A Ordinary Shares
+2 more
5 metrics
Direct Class A holdings
4,000,000 Class A Ordinary Shares
Total shares following transaction for Director and CEO
Direct Class B holdings
1,500,000 Class B Ordinary Shares
Total shares following transaction for Director and CEO
Collective Class A holdings
12,000,000 Class A Ordinary Shares
Owned collectively by controlling shareholders under Acting in Concert Agreement
Collective Class B holdings
4,500,000 Class B Ordinary Shares
Owned collectively by controlling shareholders under Acting in Concert Agreement
Conversion ratio
1 Class B share to 1 Class A share
Each Class B share automatically or optionally converts into one Class A share
Key Terms
Acting in Concert Agreement, Class B Ordinary Shares, amended and restated certificate of incorporation
3 terms
Acting in Concert Agreement financial
"entered into an Acting in Concert Agreement pursuant to which they undertake to act in concert"
amended and restated certificate of incorporation regulatory
"in certain other circumstances described in the Issuer's amended and restated certificate of incorporation"
A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.
FAQ
What insider ownership does Kwok Yiu Keung report in KMRK on this Form 3?
Kwok Yiu Keung reports direct ownership of 4,000,000 Class A Ordinary Shares and 1,500,000 Class B Ordinary Shares of K-TECH SOLUTIONS CO LTD. This filing is an initial statement of his holdings, not a record of recent share purchases or sales.
Does this KMRK Form 3 show any recent buying or selling by Kwok Yiu Keung?
The Form 3 shows holding entries only, with no recorded buy or sell transactions. It serves as an initial snapshot of the director and CEO’s reported ownership in K-TECH SOLUTIONS CO LTD, rather than documenting new market activity.