Plutus Financial Group (PLUT) CEO tied to 4.64M indirectly held shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Plutus Financial Group Ltd director and CEO Cheung Ting Kin has filed an initial ownership report showing a substantial indirect stake in the company. The filing reports that Divine Star Ventures Limited directly holds 4,644,000 Ordinary Shares of Plutus Financial Group Ltd. Mr. Cheung owns 65% of Divine Star Ventures Limited and may be deemed to beneficially own these shares through his ownership and control of that entity. This Form 3 does not report a new trade, but rather discloses existing holdings and how they are owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cheung Ting Kin
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | ORDINARY SHARES | -- | -- | -- |
Holdings After Transaction:
ORDINARY SHARES — 4,644,000 shares (Indirect, See Footnote)
Footnotes (1)
- [object Object]
Key Figures
Indirectly held Ordinary Shares: 4,644,000 shares
Ownership of Divine Star Ventures: 65%
Post-report position: 4,644,000 shares
3 metrics
Indirectly held Ordinary Shares
4,644,000 shares
Ordinary Shares held by Divine Star Ventures Limited
Ownership of Divine Star Ventures
65%
Stake in Divine Star Ventures Limited held by Cheung Ting Kin
Post-report position
4,644,000 shares
Total Ordinary Shares indirectly owned following the reported holdings entry
Key Terms
Ordinary Shares, beneficially own, indirect, initial ownership report
4 terms
beneficially own financial
"Mr. Cheung may be deemed to beneficially own the Ordinary Shares held by Divine Star Ventures Limited"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
indirect financial
"ownership_type: "indirect" and nature_of_ownership: "See Footnote""
initial ownership report financial
"This Form 3 does not report a new trade, but rather discloses existing holdings and how they are owned."
FAQ
What does Plutus Financial Group (PLUT) insider Cheung Ting Kin report on this Form 3?
Cheung Ting Kin reports his initial beneficial ownership in Plutus Financial Group via an associated entity. Divine Star Ventures Limited directly holds 4,644,000 Ordinary Shares, and Cheung may be deemed to beneficially own them through his 65% ownership and control of that company.
How does CEO Cheung Ting Kin’s 65% stake in Divine Star Ventures affect PLUT ownership?
Cheung Ting Kin owns 65% of Divine Star Ventures Limited, which directly holds 4,644,000 Plutus Financial Group Ordinary Shares. Because of this majority ownership and control, he may be deemed to beneficially own those shares, giving him significant indirect exposure to the company’s equity.
Are Cheung Ting Kin’s Plutus Financial Group (PLUT) holdings direct or indirect?
The reported holdings are indirect. The 4,644,000 Ordinary Shares are directly held by Divine Star Ventures Limited. CEO and director Cheung Ting Kin may be deemed to beneficially own these shares through his 65% ownership interest and control of Divine Star Ventures Limited.