Schedule 13G: 2.55M shares (9.57%) reported by Luan Chen in Intercont
Rhea-AI Filing Summary
Schedule 13G disclosure for Intercont (Cayman) Ltd shows that Luan Chen beneficially owns 2,553,746 ordinary shares, representing 9.57% of the outstanding class. Those shares are held through Golden Maple Holdings Limited (a BVI company), of which Mr. Chen is the sole director and 100% shareholder, and he has sole voting and dispositive power over the shares. The filing lists the issuer address in Hong Kong and Mr. Chen's address in Shanghai, and cites 26,675,001 ordinary shares outstanding as the denominator for the percentage figure.
The document is a routine beneficial ownership disclosure under Schedule 13G, reporting a passive ownership stake above the 5% threshold and specifying exact share counts and control attributes without additional transactions, amendments, or qualifiers.
Positive
- Reported ownership exceeds 5%, providing market transparency with a clear 9.57% stake disclosed
- Sole voting and dispositive power is explicitly stated, clarifying control over the reported shares
- Ownership held through a named entity (Golden Maple Holdings Limited) with the reporting person as sole director and 100% shareholder, improving traceability
Negative
- None.
Insights
TL;DR: A disclosed passive stake of 9.57% by an individual via a wholly owned BVI vehicle; material ownership that may interest investors.
The filing documents a clear, non-shared beneficial ownership of 2,553,746 ordinary shares, equal to 9.57% of Intercont (Cayman) Ltd based on 26,675,001 shares outstanding. Ownership is held through Golden Maple Holdings Limited, where the reporting person is sole director and 100% owner, and Mr. Chen retains sole voting and dispositive power. For analysts, this is a straightforward ownership disclosure that signals a significant passive stake but does not indicate control actions, transactions, or changes in intent.
TL;DR: Ownership structure is transparent; beneficial owner exercises sole authority through a single holding vehicle.
The Schedule 13G identifies the governance linkage between the reporting person and the holding vehicle: sole directorship and full share ownership of Golden Maple Holdings Limited. The filing confirms sole voting and dispositive authority for the reported shares and provides standard issuer and filer addresses. The disclosure meets statutory requirements for a >5% passive holder but contains no information about plans to influence management or propose corporate actions.