Millennium Group (MGIH) chair discloses 10M indirect Ordinary Share holding
Rhea-AI Filing Summary
Millennium Group International Holdings Ltd director and chairman Lai Ming Hung Matthew filed an initial ownership report showing indirect beneficial ownership of 10,000,000 Ordinary Shares. These shares are held through YC 1926 (BVI) Limited, whose six shareholders have agreed to vote in concert with Lai serving as chairman and proxy in tie-break situations.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lai Ming Hung Matthew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 10,000,000 shares (Indirect, See Footnote)
Footnotes (1)
- F1. YC 1926 (BVI) Limited has six shareholders, each holding an even percentage of shares of the entity. The shareholders agreed to vote in concert in the shareholder meetings; and during the period commencing on the date of incorporation and ending on the third anniversary of the date of listing of the Company on Nasdaq, if the shareholders are unable to reach a unanimous consent, a decision made by more than 50% of the voting rights of the parties will be deemed a decision unanimously passed by all parties and will be binding on all parties; in the event there is a tie-breaker, the shareholders of YC 1926 (BVI) Limited agreed to appoint Ming Hung "Matthew" Lai, the chairman of the entity, to serve as their proxy to exercise the voting rights on their behalf.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Lai Ming Hung Matthew’s Form 3 filing for MGIH show?
The Form 3 shows Lai Ming Hung Matthew’s indirect beneficial ownership of 10,000,000 Ordinary Shares of Millennium Group International Holdings Ltd, held through YC 1926 (BVI) Limited, as his initial disclosed position as a director and chairman.
Does the MGIH Form 3 report any recent insider buy or sell transactions?
No buy or sell transactions are reported. The Form 3 records a holding entry only, reflecting an existing indirect ownership of 10,000,000 Ordinary Shares rather than a new purchase, sale, or derivative exercise transaction.
What insider role does Lai Ming Hung Matthew hold at Millennium Group (MGIH)?
Lai Ming Hung Matthew is identified as a director and chairman of Millennium Group International Holdings Ltd. His Form 3 filing discloses his indirect beneficial ownership of 10,000,000 Ordinary Shares held through YC 1926 (BVI) Limited.