Schedule 13G/A: Set Hero Reports 1.14% Stake in SUPX
Rhea-AI Filing Summary
Set Hero Developments Limited filed an amendment to a Schedule 13G reporting beneficial ownership of 320,000 ordinary shares of Super X AI Technology Limited (SUPX), representing 1.14% of the class. The filer reports sole voting and sole dispositive power over all 320,000 shares and certifies the shares were not acquired to influence control of the issuer. The document lists the issuer's principal executive office in Singapore and the reporting persons principal office in Hong Kong and identifies the reporting person as a British Virgin Islands company.
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Insights
TL;DR Disclosure shows a small, non-controlling stake with sole voting/dispositive power; immaterial to SUPX governance or financials.
The filing reports ownership of 320,000 shares, equal to 1.14% of outstanding ordinary shares, held directly by Set Hero Developments Limited with exclusive voting and dispositive rights. Because the stake is below 5% and the filer states the holdings were not acquired to influence control, this is a routine beneficial ownership disclosure rather than a strategic or control transaction. There are no financing, transaction terms, or changes to management reported, so immediate market or governance impact appears limited.
TL;DR Ownership disclosure is procedurally complete and asserts no intent to affect control; governance impact is neutral.
The amendment clarifies that Set Hero Developments Limited holds sole voting and dispositive power over 320,000 shares (1.14%). The certification states the position is not held to change or influence issuer control and is not part of a coordinated transaction. From a governance perspective, the holder does not cross the standard 5% reporting threshold for potential activist scrutiny, and no group affiliation or related-party acquisition is disclosed.