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Chinese Businessman Takes Majority Control of mF International in Strategic Buyout

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

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





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The percentage is calculated based on 9,046,892 Class B Ordinary Shares of the Issuer outstanding as of April 23, 2025, as reported in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on April 23, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) The percentage is calculated based on 9,046,892 Class B Ordinary Shares of the Issuer outstanding as of April 23, 2025, as reported in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on April 23, 2025.


SCHEDULE 13D


Fire Lucky Investment Co., Ltd.
Signature:/s/ Dawei Yuan
Name/Title:Dawei Yuan/Director
Date:06/25/2025
Dawei Yuan
Signature:/s/ Dawei Yuan
Name/Title:Dawei Yuan
Date:06/25/2025

FAQ

What percentage of MFI's Class B shares did Fire Lucky Investment acquire on June 25, 2025?

Fire Lucky Investment Co., Ltd. acquired 100% of MFI's Class B shares (9,046,892 shares), representing approximately 68.3% of the company's total outstanding Ordinary Shares.

How much did Fire Lucky Investment pay for MFI's Class B shares?

Fire Lucky Investment paid US$7,800,000 in cash for the Class B shares, which equals approximately US$0.8622 per share.

Who controls Fire Lucky Investment's stake in MFI?

Dawei Yuan, as the sole director, officer, and shareholder of Fire Lucky Investment Co., Ltd., indirectly beneficially owns all the Class B Shares held by Fire Lucky.

What is the total number of outstanding shares for MFI as of April 2025?

According to the Form 20-F, MFI had a total of 4,204,775 Class A Shares and 9,046,892 Class B Shares outstanding as of April 23, 2025.

When was the original Schedule 13D filed for this MFI share acquisition?

The original Schedule 13D was filed by the Reporting Persons with the SEC on May 30, 2025, and this filing represents Amendment No. 1 to that original filing.
mF International Ltd

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