OFA Group (OFAL) CTO reports beneficial ownership of 1.65M shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
OFA Group director and Chief Technology Officer Chong Wai Wong reported his initial insider position on a Form 3. He is deemed the beneficial owner of 1,649,444 Class A ordinary shares held indirectly through CP COWORK LIMITED, over which he exercises voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
chong wai wong, CP Cowork Ltd
Role
Chief Technology Officer | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 1,649,444 shares (Indirect, See Footnote)
Footnotes (1)
- [object Object]
Key Figures
Beneficially owned shares: 1,649,444 Class A ordinary shares
1 metrics
Beneficially owned shares
1,649,444 Class A ordinary shares
Indirect holding through CP COWORK LIMITED as of 2026-03-18
Key Terms
Class A ordinary shares, beneficial owner, voting and dispositive power
3 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 CP COWORK LIMITED"
FAQ
What does OFA Group (OFAL) disclose in this Form 3 filing?
OFA Group’s Form 3 shows Chief Technology Officer Chong Wai Wong as a beneficial owner of 1,649,444 Class A ordinary shares held indirectly through CP COWORK LIMITED. This establishes his initial reported ownership position as an insider of the company.
Is the ownership reported by OFA Group (OFAL) on this Form 3 direct or indirect?
The ownership is indirect. The shares are held by CP COWORK LIMITED, and Chong Wai Wong reports them as indirectly owned because he exercises voting and dispositive power, making him the beneficial owner under SEC rules.
Does this OFA Group (OFAL) Form 3 show any insider buying or selling?
No insider buying or selling is disclosed. The Form 3 records an initial ownership position of 1,649,444 Class A ordinary shares held indirectly, without reporting any purchase or sale transactions in this specific filing.