[SCHEDULE 13D] Lianhe Sowell International Group Ltd SEC Filing
Lianhe Sowell International Group Ltd filing discloses that certain insiders and affiliated entities have entered into an "Acting-in-Concert" agreement to coordinate voting. Under the arrangement, Patton Holding and Lianyue Holding agree to vote as a group on financial, operational and management matters, with Patton Holding delegated authority to vote for the group in specified circumstances. Collectively, the parties may be deemed to beneficially own 34,215,000 Ordinary Shares, representing approximately 65.8% of the outstanding class. Individual holdings reported include 15,000,000 shares (28.8%) held by Lianhe Holding and 4,180,000 shares (8.0%) held by Patton Holding; Lianyue Holding holds 15,035,000 shares (28.8%). The filing states no present plans for transactions such as mergers, asset sales, charter changes, or board changes, but notes the parties may formulate other plans in the future.
Lianhe Sowell International Group Ltd ha dichiarato che alcuni dirigenti e entità affiliate hanno stipulato un accordo di “azione congiunta” per coordinare il voto. Nell’intesa, Patton Holding e Lianyue Holding concordano di votare come gruppo su questioni finanziarie, operative e di gestione, con Patton Holding autorizzata a votare per il gruppo in determinate circostanze. Collettivamente le parti possono essere considerate titolari effettive di 34.215.000 azioni ordinarie, pari a circa 65,8% della classe in circolazione. Le partecipazioni individuali riportate includono 15.000.000 azioni (28,8%) detenute da Lianhe Holding, 4.180.000 azioni (8,0%) detenute da Patton Holding; Lianyue Holding detiene 15.035.000 azioni (28,8%). La comunicazione dichiara l’assenza di piani attuali per operazioni quali fusioni, cessioni di attività, modifiche dello statuto o cambiamenti del consiglio, ma segnala che le parti potrebbero definire altri piani in futuro.
Lianhe Sowell International Group Ltd informa que ciertos directivos y entidades afiliadas han firmado un acuerdo de “actuar en concierto” para coordinar sus votos. Según el acuerdo, Patton Holding y Lianyue Holding se comprometen a votar como grupo en asuntos financieros, operativos y de gestión, y Patton Holding está autorizada a votar en nombre del grupo en circunstancias específicas. En conjunto, las partes podrían considerarse propietarias beneficiarias de 34.215.000 acciones ordinarias, que representan aproximadamente el 65,8% de la clase en circulación. Las participaciones individuales reportadas incluyen 15.000.000 acciones (28,8%) de Lianhe Holding y 4.180.000 acciones (8,0%) de Patton Holding; Lianyue Holding posee 15.035.000 acciones (28,8%). El informe indica que actualmente no existen planes para operaciones como fusiones, ventas de activos, cambios estatutarios o del consejo, pero advierte que las partes podrían elaborar otros planes en el futuro.
Lianhe Sowell International Group Ltd는 일부 내부자 및 계열사가 의결권을 조율하기 위해 ‘공동행동(Acting-in-Concert)’ 계약을 체결했다고 공시했습니다. 이 합의에 따라 Patton Holding과 Lianyue Holding은 재무·운영·경영 사안에 대해 그룹으로서 투표하기로 합의했으며, 특정 상황에서는 Patton Holding이 그룹을 대신해 투표할 권한을 위임받았습니다. 해당 당사자들은 합계로 34,215,000주의 보통주를 실질적으로 소유한 것으로 간주될 수 있으며, 이는 발행주식의 약 65.8%에 해당합니다. 개별 보유내역은 Lianhe Holding이 15,000,000주(28.8%), Patton Holding이 4,180,000주(8.0%)를 보유하고 있고, Lianyue Holding은 15,035,000주(28.8%)를 보유하고 있습니다. 공시에는 합병, 자산매각, 정관 변경 또는 이사회 변경과 같은 거래에 대한 현재 계획은 없지만, 향후 다른 계획을 수립할 가능성은 있다고 명시되어 있습니다.
Lianhe Sowell International Group Ltd déclare que certains initiés et entités affiliées ont conclu un accord d’« action conjointe » pour coordonner leurs votes. Dans le cadre de cet accord, Patton Holding et Lianyue Holding conviennent de voter en groupe sur les questions financières, opérationnelles et de gestion, Patton Holding étant autorisée à voter pour le groupe dans des circonstances précisées. Collectivement, les parties peuvent être considérées comme détenant effectivement 34 215 000 actions ordinaires, soit environ 65,8% de la catégorie en circulation. Les participations individuelles signalées incluent 15 000 000 actions (28,8%) détenues par Lianhe Holding et 4 180 000 actions (8,0%) détenues par Patton Holding ; Lianyue Holding détient 15 035 000 actions (28,8%). Le dépôt indique qu’il n’existe pas de plans actuels pour des opérations telles que fusions, cessions d’actifs, modifications des statuts ou changements du conseil, mais précise que les parties pourraient élaborer d’autres projets à l’avenir.
Lianhe Sowell International Group Ltd hat offengelegt, dass bestimmte Insider und verbundene Gesellschaften eine Vereinbarung zum „gemeinsamen Handeln“ getroffen haben, um ihre Stimmen zu koordinieren. Laut der Vereinbarung stimmen Patton Holding und Lianyue Holding als Gruppe über finanzielle, operative und Managementangelegenheiten ab, wobei Patton Holding in bestimmten Fällen befugt ist, für die Gruppe abzustimmen. Zusammen könnten die Parteien als wirtschaftliche Eigentümer von 34.215.000 Stammaktien gelten, was etwa 65,8% der ausstehenden Klasse entspricht. Die gemeldeten Einzelbestände umfassen 15.000.000 Aktien (28,8%) von Lianhe Holding und 4.180.000 Aktien (8,0%) von Patton Holding; Lianyue Holding hält 15.035.000 Aktien (28,8%). Die Meldung besagt, dass derzeit keine Pläne für Transaktionen wie Fusionen, Asset-Verkäufe, Satzungsänderungen oder Vorstandsänderungen bestehen, weist jedoch darauf hin, dass die Parteien in Zukunft andere Pläne entwickeln könnten.
- Documented coordination: The Acting-in-Concert Agreement explicitly sets out voting coordination and delegation terms.
- Clear ownership disclosure: The filing specifies exact share counts and percentages for each reporting person, including an aggregate 65.8% figure.
- Concentration of control: The parties may be deemed to beneficially own 65.8% of outstanding Ordinary Shares, which centralizes voting power.
- Potential minority influence reduced: With a majority-aligned group, other shareholders may have limited ability to affect voted matters covered by the agreement.
Insights
TL;DR: An agreement creates a coordinated shareholder group controlling a majority stake, centralizing voting authority.
The Acting-in-Concert Agreement formalizes collective voting among Patton Holding and Lianyue Holding and delegates voting authority to Patton Holding in certain cases, establishing a group that may be deemed to beneficially own 65.8% of outstanding Ordinary Shares. This concentration of voting shares is material for governance because it effectively determines shareholder votes on financial, operational and management matters identified in the agreement. The filing expressly disclaims admission of beneficial ownership by the participants, but the arrangement and delegated authority are documented in the filing and filed exhibits.
TL;DR: Documented shareholder coordination creates a majority-aligned block with clear voting mechanics and disclosed share counts.
The Schedule 13D reports specific share counts for reporting persons: Lianhe Holding 15,000,000 shares (28.8%), Lianyue Holding 15,035,000 shares (28.8%), and Patton Holding 4,180,000 shares (8.0%), yielding an aggregate potentially controlled stake of 34,215,000 shares (65.8%). The filing clarifies that the agreement covers voting on financial, operational and management matters and includes delegation terms. For investors and counterparties, these are material ownership and governance facts explicitly disclosed in the Schedule 13D.
Lianhe Sowell International Group Ltd ha dichiarato che alcuni dirigenti e entità affiliate hanno stipulato un accordo di “azione congiunta” per coordinare il voto. Nell’intesa, Patton Holding e Lianyue Holding concordano di votare come gruppo su questioni finanziarie, operative e di gestione, con Patton Holding autorizzata a votare per il gruppo in determinate circostanze. Collettivamente le parti possono essere considerate titolari effettive di 34.215.000 azioni ordinarie, pari a circa 65,8% della classe in circolazione. Le partecipazioni individuali riportate includono 15.000.000 azioni (28,8%) detenute da Lianhe Holding, 4.180.000 azioni (8,0%) detenute da Patton Holding; Lianyue Holding detiene 15.035.000 azioni (28,8%). La comunicazione dichiara l’assenza di piani attuali per operazioni quali fusioni, cessioni di attività, modifiche dello statuto o cambiamenti del consiglio, ma segnala che le parti potrebbero definire altri piani in futuro.
Lianhe Sowell International Group Ltd informa que ciertos directivos y entidades afiliadas han firmado un acuerdo de “actuar en concierto” para coordinar sus votos. Según el acuerdo, Patton Holding y Lianyue Holding se comprometen a votar como grupo en asuntos financieros, operativos y de gestión, y Patton Holding está autorizada a votar en nombre del grupo en circunstancias específicas. En conjunto, las partes podrían considerarse propietarias beneficiarias de 34.215.000 acciones ordinarias, que representan aproximadamente el 65,8% de la clase en circulación. Las participaciones individuales reportadas incluyen 15.000.000 acciones (28,8%) de Lianhe Holding y 4.180.000 acciones (8,0%) de Patton Holding; Lianyue Holding posee 15.035.000 acciones (28,8%). El informe indica que actualmente no existen planes para operaciones como fusiones, ventas de activos, cambios estatutarios o del consejo, pero advierte que las partes podrían elaborar otros planes en el futuro.
Lianhe Sowell International Group Ltd는 일부 내부자 및 계열사가 의결권을 조율하기 위해 ‘공동행동(Acting-in-Concert)’ 계약을 체결했다고 공시했습니다. 이 합의에 따라 Patton Holding과 Lianyue Holding은 재무·운영·경영 사안에 대해 그룹으로서 투표하기로 합의했으며, 특정 상황에서는 Patton Holding이 그룹을 대신해 투표할 권한을 위임받았습니다. 해당 당사자들은 합계로 34,215,000주의 보통주를 실질적으로 소유한 것으로 간주될 수 있으며, 이는 발행주식의 약 65.8%에 해당합니다. 개별 보유내역은 Lianhe Holding이 15,000,000주(28.8%), Patton Holding이 4,180,000주(8.0%)를 보유하고 있고, Lianyue Holding은 15,035,000주(28.8%)를 보유하고 있습니다. 공시에는 합병, 자산매각, 정관 변경 또는 이사회 변경과 같은 거래에 대한 현재 계획은 없지만, 향후 다른 계획을 수립할 가능성은 있다고 명시되어 있습니다.
Lianhe Sowell International Group Ltd déclare que certains initiés et entités affiliées ont conclu un accord d’« action conjointe » pour coordonner leurs votes. Dans le cadre de cet accord, Patton Holding et Lianyue Holding conviennent de voter en groupe sur les questions financières, opérationnelles et de gestion, Patton Holding étant autorisée à voter pour le groupe dans des circonstances précisées. Collectivement, les parties peuvent être considérées comme détenant effectivement 34 215 000 actions ordinaires, soit environ 65,8% de la catégorie en circulation. Les participations individuelles signalées incluent 15 000 000 actions (28,8%) détenues par Lianhe Holding et 4 180 000 actions (8,0%) détenues par Patton Holding ; Lianyue Holding détient 15 035 000 actions (28,8%). Le dépôt indique qu’il n’existe pas de plans actuels pour des opérations telles que fusions, cessions d’actifs, modifications des statuts ou changements du conseil, mais précise que les parties pourraient élaborer d’autres projets à l’avenir.
Lianhe Sowell International Group Ltd hat offengelegt, dass bestimmte Insider und verbundene Gesellschaften eine Vereinbarung zum „gemeinsamen Handeln“ getroffen haben, um ihre Stimmen zu koordinieren. Laut der Vereinbarung stimmen Patton Holding und Lianyue Holding als Gruppe über finanzielle, operative und Managementangelegenheiten ab, wobei Patton Holding in bestimmten Fällen befugt ist, für die Gruppe abzustimmen. Zusammen könnten die Parteien als wirtschaftliche Eigentümer von 34.215.000 Stammaktien gelten, was etwa 65,8% der ausstehenden Klasse entspricht. Die gemeldeten Einzelbestände umfassen 15.000.000 Aktien (28,8%) von Lianhe Holding und 4.180.000 Aktien (8,0%) von Patton Holding; Lianyue Holding hält 15.035.000 Aktien (28,8%). Die Meldung besagt, dass derzeit keine Pläne für Transaktionen wie Fusionen, Asset-Verkäufe, Satzungsänderungen oder Vorstandsänderungen bestehen, weist jedoch darauf hin, dass die Parteien in Zukunft andere Pläne entwickeln könnten.