OFA Group (OFAL) CEO deemed beneficial owner via FNHK Inc.
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
OFA Group director and Chief Executive Officer Wong Li Hsien has filed an initial ownership report showing indirect control of 1,649,445 Class A ordinary shares. These shares are held by FNHK Inc., over which he exercises voting and dispositive power and is deemed the beneficial owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
wong li hsien, FNHK Inc.
Role
Chief Executive Officer | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 1,649,445 shares (Indirect, See Footnote)
Footnotes (1)
- [object Object]
Key Figures
Indirectly held shares: 1,649,445 Class A ordinary shares
1 metrics
Indirectly held shares
1,649,445 Class A ordinary shares
Held by FNHK Inc., deemed beneficially owned by CEO Wong Li Hsien
Key Terms
beneficial owner, voting and dispositive power, Class A ordinary shares, indirect
4 terms
beneficial owner financial
"and is deemed to be the beneficial owner of such securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
voting and dispositive power financial
"exercises voting and dispositive power over the securities held by FNHK Inc."
indirect financial
"total_shares_following_transaction ... ownership_type: indirect"
FAQ
What does OFA Group (OFAL) Form 3 for Wong Li Hsien show?
The Form 3 shows Wong Li Hsien, OFA Group’s CEO and director, as the beneficial owner of 1,649,445 Class A ordinary shares. These shares are held indirectly through FNHK Inc., where he holds voting and dispositive power over the securities.
Is the OFA Group (OFAL) Form 3 a buy or sell transaction?
The Form 3 is not a buy or sell report; it is an initial ownership statement. It records that 1,649,445 Class A ordinary shares are already held indirectly via FNHK Inc., with Wong Li Hsien deemed the beneficial owner of those shares.
How does FNHK Inc. relate to OFA Group (OFAL) insider ownership?
FNHK Inc. holds 1,649,445 Class A ordinary shares of OFA Group. Because Wong Li Hsien exercises voting and dispositive power over FNHK Inc.’s holdings, he is deemed the beneficial owner of these shares for reporting purposes in the Form 3 filing.
Why is Wong Li Hsien considered a ten percent owner of OFA Group (OFAL)?
He is classified as a ten percent owner because the 1,649,445 Class A ordinary shares reported represent a significant stake. Through FNHK Inc., over which he has voting and dispositive power, he is deemed to beneficially own this large block of shares.