Chinese Businessman Takes Majority Control of mF International in Strategic Buyout
Rhea-AI Filing Summary
Fire Lucky Investment and Dawei Yuan have filed Amendment No. 1 to Schedule 13D reporting the completion of a significant share acquisition in mF International Limited. On June 25, 2025, Fire Lucky acquired 9,046,892 Class B Ordinary Shares at $0.8622 per share for a total consideration of $7.8 million.
Key details of the transaction:
- Fire Lucky now owns 100% of the company's Class B shares, representing approximately 68.3% of total outstanding Ordinary Shares
- Dawei Yuan, as sole director and shareholder of Fire Lucky, indirectly benefits from this ownership
- The share calculation is based on 4,204,775 Class A Shares and 9,046,892 Class B Shares outstanding as of April 23, 2025
- Both reporting persons share voting and dispositive power over all 9,046,892 Class B shares
This amendment confirms the closing of the previously announced Share Purchase Agreement, marking a significant change in mF International's ownership structure.
Positive
- Fire Lucky Investment completed acquisition of 9,046,892 Class B shares (100% of Class B shares) representing 68.3% controlling stake in mF International
- Transaction valued at $7.8M ($0.86/share) provides clarity on ownership structure and company valuation
Negative
- Concentrated ownership with 68.3% control by single entity may limit minority shareholder influence
- The significant ownership consolidation could reduce stock's public float and trading liquidity