Mint Inc Ltd (MIMI) insider entity buys 211,879 Class B shares
Rhea-AI Filing Summary
Mint Inc Ltd director and CEO Chan Hoi Lung, through an affiliated entity, increased his indirect stake in the company. Deep Vision Enterprise Limited, a British Virgin Islands company wholly owned by him, acquired 211,879 Class B ordinary shares from the company in a private placement at $3.01 per share under a Share Purchase Agreement dated May 18, 2026. The price matched the Nasdaq Capital Market closing price of the Class A ordinary shares on May 15, 2026. Following this transaction, he beneficially owns 474,379 Class B ordinary shares through Deep Vision Enterprise Limited, up from 262,500 shares before the purchase.
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Insights
CEO-linked entity made a sizable private share purchase, increasing indirect ownership.
The filing shows an affiliated company, Deep Vision Enterprise Limited, wholly owned by CEO and director Chan Hoi Lung, acquired 211,879 Class B ordinary shares of Mint Inc Ltd in a private placement at $3.01 per share.
This price equals the Nasdaq Capital Market closing price of the company’s Class A ordinary shares on May 15, 2026, indicating the deal was priced in line with the recent market level. After the transaction, Chan’s beneficial holdings through this entity rose to 474,379 Class B shares, compared with 262,500 previously.
The transaction is characterized as a net buy with no derivative activity reported, and all holdings are indirect via the BVI company. The filing does not reference any Rule 10b5-1 trading plan, suggesting this was a negotiated private investment rather than a pre-programmed trading event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class B ordinary shares, no par value | 211,879 | $3.01 | $638K |
Footnotes (1)
- Represents 211,879 Class B ordinary shares, no par value, of the Issuer (the "Class B Ordinary Shares"), acquired by Deep Vision Enterprise Limited (the "Shareholder"), a company with limited liability incorporated under the laws of the British Virgin Islands, and is wholly owned by Mr. Hoi Lung Chan (the "Reporting Person"), from the Company in a private placement pursuant to a Share Purchase Agreement, dated May 18, 2026, between the Company and the Shareholder, at a purchase price of US$3.01 per share. The Reporting Person may be deemed to beneficially own the Class B Ordinary Shares held by the Shareholder. Prior to this transaction, the Reporting Person beneficially owned, through the Shareholder, 262,500 Class B Ordinary Shares. Following this transaction, the Reporting Person beneficially owns, through the Shareholder, 474,379 Class B Ordinary Shares. The purchase price of US$3.01 per Class B Ordinary Share is equivalent to the closing market price per Class A ordinary share as reported by the Nasdaq Capital Market on May 15, 2026.