Megan Holdings (MGN) CEO reports large indirect Class A and B stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Megan Holdings Ltd. CEO and director Hoo Wei Sern filed an initial ownership report showing indirect holdings in both classes of the company’s shares. The filing reports 5,845,000 Class A Ordinary Shares and 5,000,000 Class B Ordinary Shares held indirectly through a holding company structure.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoo Wei Sern
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 5,845,000 shares (Indirect, By Holding Company);
Class B Ordinary Shares — 5,000,000 shares (Indirect, By Holding Company)
Footnotes (1)
FAQ
What does the Form 3 for MGN disclose about Hoo Wei Sern’s holdings?
The Form 3 shows that CEO and director Hoo Wei Sern indirectly holds 5,845,000 Class A Ordinary Shares and 5,000,000 Class B Ordinary Shares of Megan Holdings Ltd., establishing his initial reported ownership position in the company.
What classes of Megan Holdings (MGN) stock does Hoo Wei Sern report owning?
Hoo Wei Sern reports indirect ownership of two classes of Megan Holdings stock: 5,845,000 Class A Ordinary Shares and 5,000,000 Class B Ordinary Shares, both described in the filing as being held through a holding company structure.
What is the significance of a Form 3 filing for Megan Holdings (MGN)?
A Form 3 establishes the initial ownership position of an insider at Megan Holdings. For Hoo Wei Sern, it records his indirect stakes in Class A and Class B Ordinary Shares as he serves as CEO, director, and a ten percent owner of the company.