Dreamland Ltd (TDIC) CEO discloses 23.81% stake and new share purchase
Rhea-AI Filing Summary
Dreamland Ltd insider Seto Wai Yue filed a Schedule 13D reporting significant ownership of the company’s ordinary shares. As of July 10, 2026, Seto beneficially owns 829,890 ordinary shares, consisting of 749,890 Class A Ordinary Shares and 80,000 Class B Ordinary Shares, representing 23.81% of the issuer’s 3,485,583 outstanding ordinary shares.
The position includes shares acquired under a Securities Purchase Agreement dated July 7, 2026, where Seto agreed to purchase 580,000 Class A and 72,000 Class B shares in a private placement at USD 3.75 per share. Each Class A share carries one vote and each Class B share twelve votes; the reported 23.81% figure is based on share count rather than voting power. Seto, who is Chairlady, Director and Chief Executive Officer of Dreamland Ltd, states the shares are held for investment purposes and discloses no current plans regarding major corporate actions beyond board-related discussions.
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