Republic Power holder reports 60.89% voting control
Republic Power Group Ltd shareholder True Sage International Limited and its controller, Hao Feng Ng, filed a Schedule 13D reporting majority control of the company’s voting power.
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Rhea-AI Filing Summary
Republic Power Group Ltd shareholder True Sage International Limited and its controller, Hao Feng Ng, filed a Schedule 13D reporting majority control of the company’s voting power. Through True Sage, Ng beneficially holds 60.89% of the total voting power of Republic Power as of January 28, 2026.
The filing details that on December 12, 2024, True Sage bought 10,449,167 ordinary shares from the former chairman for USD450,000, then sold 128,200 shares on January 11, 2025 for HKD 2,000,000. On March 27, 2025, the issuer issued 100,000 Class B shares to True Sage for cash at par.
Insights
Control concentrated as Hao Feng Ng reports 60.89% voting power via True Sage.
Republic Power Group Ltd now has its voting control clearly concentrated in True Sage International Limited, an entity fully controlled by chairman Hao Feng Ng. The Schedule 13D states that, through True Sage, Ng beneficially holds 60.89% of the issuer’s total voting power as of January 28, 2026.
The disclosure also outlines low-cash consideration for significant ownership: True Sage acquired 10,449,167 ordinary shares for USD450,000, later resold 128,200 shares for HKD 2,000,000, and received 100,000 Class B shares for cash at par. Class B shares carry greater voting rights than Class A shares, increasing the leverage of a relatively small number of shares.
For investors assessing governance, this filing highlights a controlled company structure where strategic and operational decisions can be strongly influenced by a single chairman-controlled entity. Future company actions will likely reflect the priorities and decisions of this controlling holder, as described in the communication and influence rights referenced in the document.
FAQ
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What ownership stake does True Sage report in Republic Power Group (RPGL)?
Who are the reporting persons in the Republic Power Group (RPGL) Schedule 13D?
What rights does Hao Feng Ng have over Republic Power Group (RPGL) through True Sage?
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