Director of NIP Group (NIPG) discloses 20.5M Class A shares via Apex Cyber
Rhea-AI Filing Summary
NIP Group Inc. director Kee Wee Kiang, Kenneth has filed an initial ownership report showing a large indirect stake. The filing reports indirect ownership of 20,529,262 Class A ordinary shares, held through Apex Cyber Capital Limited, a British Virgin Islands limited liability company.
NIP Group’s capital structure includes Class A, Class B1 and Class B2 ordinary shares. Each Class A share carries one vote, while each Class B1 and Class B2 share carries 20 votes under a weighted voting right structure. Each Class B1 and Class B2 share is convertible into one Class A share, but Class A shares are not convertible into Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary share | -- | -- | -- |
Footnotes (1)
- The authorized share capital of NIP Group Inc. consists of Class A ordinary shares, Class B1 ordinary shares and Class B2 ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share, while each holder of Class B1 ordinary shares and Class B2 ordinary shares is entitled to 20 votes per share, subject to the approval conditions for ordinary resolutions, the Weighted Voting Right and certain restrictions. Each Class B1 ordinary share and Class B2 ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Apex Cyber Capital Limited is a limited liability company established in the British Virgin Islands. Kee Wee Kiang, Kenneth, FANG Wenwen and SHEN Yue Lei each indirectly holds one-third of the shares of Apex Cyber Capital Limited.
Key Figures
Key Terms
Weighted Voting Right financial
limited liability company financial
FAQ
What insider position did NIPG director Kee Wee Kiang, Kenneth report on Form 3?
Does the NIPG Form 3 show a buy or sell transaction by the director?