Major MEGL holder Chan Wai Ho reports Class A and B stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Magic Empire Global Ltd director and ten percent owner Chan Wai Ho filed an initial statement of beneficial ownership. The filing reports direct holdings of 997,500 Class A Ordinary Shares and 600,000 Class B Ordinary Shares. This Form 3 does not show any recent purchases or sales, only the existing ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chan Wai Ho
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 997,500 shares (Direct);
Class B Ordinary Shares — 600,000 shares (Direct)
Footnotes (1)
FAQ
What does Chan Wai Ho’s Form 3 for MEGL show?
The Form 3 shows Chan Wai Ho’s existing ownership in Magic Empire Global Ltd (MEGL). He directly holds 997,500 Class A Ordinary Shares and 600,000 Class B Ordinary Shares, reflecting his status as both a director and a ten percent owner.
What is the significance of Chan Wai Ho being a ten percent owner of MEGL?
Being a ten percent owner makes Chan Wai Ho a major shareholder subject to SEC reporting requirements. His Form 3 formally records his substantial holdings in Magic Empire Global Ltd and establishes baseline ownership for any future reportable transactions.
Does this MEGL Form 3 include any derivative or option positions?
No, the Form 3 only lists Class A and Class B Ordinary Shares for Chan Wai Ho. The derivative section is empty, indicating no options or other derivative securities are reported in this particular ownership statement.