Sino Green Land (SGLA) insider restructures holdings via reverse split and share exchange
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sino Green Land Corp. director and 10% owner Wo Kuk Ching reported two non-market restructuring transactions in the company’s common stock. A 500-for-1 reverse stock split on November 21, 2022 reduced his beneficial ownership from 380,000,000 shares to 760,000 shares. On October 1, 2023, under a Share Exchange Agreement with Sunshine Green Land Corp. SGL, he acquired 56,122,222 shares of common stock. After these adjustments, he beneficially owns 56,122,222 shares, with both events reported under transaction code J for “other acquisition or disposition,” not as open-market buys or sells.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wo Kuk Ching
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 56,122,222 | $0.001 | $56K |
| Other | Common Stock | 379,240,000 | $0.001 | $379K |
Holdings After Transaction:
Common Stock — 56,122,222 shares (Direct, null)
Footnotes (1)
- On November 21, 2022, a 500-for-1 reverse stock split of the Issuer's common stock was effected. As a result, the reporting person's beneficial ownership of Common Stock decreased from 380,000,000 shares to 760,000 shares. Transaction Code J is used for this disposition. On October 1, 2023, pursuant to a Share Exchange Agreement between the Issuer and Sunshine Green Land Corp. SGL, the reporting person acquired 56,122,222 shares of Common Stock. Transaction Code J is used for this acquisition. The reporting person's previously filed Form 3 (filed on October 28, 2021) reported 380,000,000 shares of Common Stock. Following the reverse split and the share exchange acquisition, the reporting person currently beneficially owns 56,122,222 shares of Common Stock.
Key Figures
Reverse stock split ratio: 500-for-1
Pre-split holdings: 380,000,000 shares
Post-split holdings: 760,000 shares
+4 more
7 metrics
Reverse stock split ratio
500-for-1
Reverse split of common stock on November 21, 2022
Pre-split holdings
380,000,000 shares
Beneficial ownership before reverse stock split
Post-split holdings
760,000 shares
Beneficial ownership after 500-for-1 reverse split
Shares acquired in exchange
56,122,222 shares
Common stock acquired on October 1, 2023 via Share Exchange Agreement
Current beneficial ownership
56,122,222 shares
Beneficial ownership after reverse split and share exchange
Restructuring share total
435,362,222 shares
Total shares involved in J-code restructuring transactions
Reported price per share
$0.0010 per share
Transaction price per share shown for both J-code entries
Key Terms
reverse stock split, Share Exchange Agreement, beneficial ownership, transaction code J, +1 more
5 terms
reverse stock split financial
"On November 21, 2022, a 500-for-1 reverse stock split of the Issuer's common stock was effected."
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
beneficial ownership financial
"the reporting person's beneficial ownership of Common Stock decreased from 380,000,000 shares to 760,000 shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
transaction code J regulatory
"Transaction Code J is used for this disposition."
other acquisition or disposition regulatory
"Transaction Code J is used for this acquisition."
FAQ
What insider transactions did Wo Kuk Ching report for Sino Green Land Corp. (SGLA)?
Wo Kuk Ching reported two restructuring transactions coded J. A 500-for-1 reverse stock split reduced his holdings to 760,000 shares, then a Share Exchange Agreement increased his beneficial ownership to 56,122,222 shares of Sino Green Land common stock.
Did the Form 4 for Sino Green Land (SGLA) show open-market buying or selling?
No, the Form 4 shows transactions coded J, described as “other acquisition or disposition.” The filing and footnotes indicate a reverse stock split and a share exchange, not open-market purchases or sales of Sino Green Land common stock.