Southern Cross II director reports 10K-share stake
Southern Cross Acquisition II Corp. (symbol SCATU) reports that director Wenhua Qian is a beneficial owner of the company’s equity.
Rhea-AI Filing Summary
Southern Cross Acquisition II Corp. (symbol SCATU) reports that director Wenhua Qian is a beneficial owner of the company’s equity. Qian directly owns 10,000 Ordinary Shares, received via a transfer from Southern Cross Acquisition II Sponsor Corp. on or around August 25, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Qian Wenhua
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares F1 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 10,000 shares (Direct)
Footnotes (1)
- F1. On or around August 25, 2026, Southern Cross Acquisition II Sponsor Corp. transferred 10,000 ordinary shares of Southern Cross Acquisition II Corp. (the "Issuer") to Wenhua Qian. As a result, Wenhua Qian directly owns 10,000 ordinary shares of the Issuer.
Key Figures
Ordinary Shares directly owned: 10,000 shares
Transfer date: On or around August 25, 2026
Reporting person role: Director
3 metrics
Ordinary Shares directly owned
10,000 shares
Direct ownership reported for director Wenhua Qian following transfer
Transfer date
On or around August 25, 2026
Date the 10,000 Ordinary Shares were transferred from the sponsor to Wenhua Qian
Reporting person role
Director
Role of Wenhua Qian at Southern Cross Acquisition II Corp.
Key Terms
Ordinary Shares, beneficial owner, transfer
3 terms
beneficial owner financial
"reports that director Wenhua Qian is a beneficial owner of the company’s equity"
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.
transfer financial
"Sponsor Corp. transferred 10,000 ordinary shares of Southern Cross Acquisition II Corp."
FAQ
What does the Form 3 for SCATU disclose about Wenhua Qian?
It discloses that director Wenhua Qian is a beneficial owner of Southern Cross Acquisition II Corp., directly holding 10,000 Ordinary Shares as of the filing, received via a transfer from Southern Cross Acquisition II Sponsor Corp. on or around August 25, 2026.
Is Wenhua Qian a director or officer of Southern Cross Acquisition II Corp. (SCATU)?
Wenhua Qian is reported as a director of Southern Cross Acquisition II Corp. in the Form 3. The filing does not list Qian as an officer or as a ten percent owner.
AI-generated analysis. How Rhea-AI works. Not financial advice.