NIP Group (NIPG) Co-CEO discloses 33,451,073 high-vote Class B1 shares
Rhea-AI Filing Summary
NIP Group Inc. director and Co-Chief Executive Officer Mario Yau Kwan Ho filed an initial Form 3 reporting his beneficial ownership in the company. He is shown as indirectly holding 33,451,073 Class B1 ordinary shares, recorded as held by Seventh Hokage Management Limited.
The filing notes that NIP Group’s capital structure includes Class A, Class B1 and Class B2 ordinary shares. Class A carries one vote per share, while each Class B1 and Class B2 share carries 20 votes per share, giving these shares significantly higher voting power. Each Class B1 or B2 share is convertible into one Class A share at the holder’s option, but Class A shares cannot be converted into Class B shares.
The Form 3 also explains that Seventh Hokage Management Limited is wholly owned by Seventh Hokage Holdings Limited, both organized in the British Virgin Islands, and that these entities are beneficially owned through a trust for the benefit of Mario Yau Kwan Ho and his family.
Positive
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Negative
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FAQ
What does Mario Yau Kwan Ho report owning in NIP Group Inc. (NIPG) on this Form 3?
How many votes do NIP Group Inc. (NIPG) Class B1 ordinary shares carry per share?
Can NIP Group Inc. (NIPG) Class B1 and Class B2 shares be converted into Class A shares?
How are the reported NIP Group Inc. (NIPG) shares held for Mario Yau Kwan Ho?
What is the purpose of this NIP Group Inc. (NIPG) Form 3 filing by Mario Yau Kwan Ho?