Ten-League (TLIH) leaders report 23.6M shares held via affiliate
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Ten-League International Holdings Ltd insiders Jison Lim and Liming Lin have filed an initial ownership report showing indirect control of 23,618,255 Ordinary Shares of the company. These shares are held by Ten-League Corporations Pte. Ltd., which is owned 99.99% by Mr. Lim and 0.01% by Ms. Lin.
Both insiders serve as directors and officers of the issuer and report this position as indirect ownership. They each disclaim beneficial ownership of the reported shares except to the extent of their respective pecuniary interests, meaning they are not admitting full beneficial ownership for Section 16 or other legal purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lim Jison, Lin Li Ming
Role
Chairman and CEO | Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 23,618,255 shares (Indirect, By Ten-League Corporations Pte. Ltd.)
Footnotes (1)
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Key Figures
Indirectly held Ordinary Shares: 23,618,255 shares
Ownership stake of Jison Lim in holding company: 99.99%
Ownership stake of Liming Lin in holding company: 0.01%
3 metrics
Indirectly held Ordinary Shares
23,618,255 shares
Total Ordinary Shares held by Ten-League Corporations Pte. Ltd. following report
Ownership stake of Jison Lim in holding company
99.99%
Equity interest in Ten-League Corporations Pte. Ltd.
Ownership stake of Liming Lin in holding company
0.01%
Equity interest in Ten-League Corporations Pte. Ltd.
Key Terms
beneficial ownership, pecuniary interest, Section 16
3 terms
beneficial ownership financial
"Each of Mr. Jison Lim and Ms. Liming Lin disclaims beneficial ownership of these securities except to the extent of his or her respective pecuniary interest therein"
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his or her respective pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all the reported shares for the purposes of Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What does Ten-League (TLIH) insiders’ Form 3 filing disclose?
The Form 3 shows Jison Lim and Liming Lin indirectly hold 23,618,255 Ordinary Shares of Ten-League via Ten-League Corporations Pte. Ltd. It is an initial ownership report, not a buy or sell transaction, providing a baseline of their reported equity position.
Why are Ten-League (TLIH) insiders listed as ten percent owners on Form 3?
Mr. Lim and Ms. Lin are each identified as directors, officers, and ten percent owners because of their substantial indirect interest through Ten-League Corporations Pte. Ltd. The reported 23,618,255 Ordinary Shares represent a significant stake that triggers Section 16 reporting obligations.