Quek Leng Chuang Amends ESGL Holdings Filing
Ticker: OIOWW · Form: SC 13D/A · Filed: Oct 2, 2024 · CIK: 1957538
| Field | Detail |
|---|---|
| Company | Esgl Holdings Ltd (OIOWW) |
| Form Type | SC 13D/A |
| Filed Date | Oct 2, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $0.50, $95,674, $1.88, $2,116,436 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing
TL;DR
Quek Leng Chuang updated their stake in ESGL Holdings. Check the filing for details.
AI Summary
Quek Leng Chuang filed an amendment (No. 2) to Schedule 13D on October 2, 2024, regarding ESGL Holdings Limited. The filing concerns ordinary shares of the company, with the event date requiring this filing being September 27, 2024. The filing is made under the Securities Exchange Act of 1934.
Why It Matters
This amendment indicates a change in the beneficial ownership or control of ESGL Holdings Limited, which could signal shifts in the company's strategic direction or investor sentiment.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant changes in ownership, which can lead to increased volatility and strategic shifts for the company.
Key Players & Entities
- Quek Leng Chuang (person) — Filing person
- ESGL Holdings Limited (company) — Subject company
- Ordinary shares, par value $0.0001 per share (security) — Title of Class of Securities
FAQ
Who is the filing person for this Schedule 13D amendment?
The filing person is Quek Leng Chuang.
What company is the subject of this filing?
The subject company is ESGL Holdings Limited.
What type of securities are being reported?
The filing concerns Ordinary shares, par value $0.0001 per share.
What is the date of the event that requires this filing?
The date of the event which requires filing of this statement is September 27, 2024.
What is the CUSIP number for the securities?
The CUSIP number is G3R95P108.
Filing Stats: 1,524 words · 6 min read · ~5 pages · Grade level 11.6 · Accepted 2024-10-02 16:00:27
Key Financial Figures
- $0.0001 — of Issuer) Ordinary shares, par value $0.0001 per share (Title of Class of Securiti
- $0.50 — m an existing shareholder at a price of $0.50 per share for a total amount of $95,674
- $95,674 — f $0.50 per share for a total amount of $95,674 (the “2023 Share Purchase”)
- $1.88 — o an existing shareholder at a price of $1.88 per share for a total amount of $2,116,
- $2,116,436 — f $1.88 per share for a total amount of $2,116,436 (the “2024 Share Transfer”)
Filing Documents
- formsc13da.htm (SC 13D/A) — 56KB
- 0001493152-24-039196.txt ( ) — 57KB
From the Filing
SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* ESGL Holdings Limited (Name of Issuer) Ordinary shares, par value $0.0001 per share (Title of Class of Securities) G3R95P108 (CUSIP Number) 101 Tuas South Avenue 2 Singapore 637226 Tel: +65 6653 2299 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 27, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G3R95P108 1. Names of Reporting Persons. Quek Leng Chuang 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) OO 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Singapore Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 2,844,707 8. Shared Voting Power 9. Sole Dispositive Power 2,844,707 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,844,707 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 7.07% (1) 14. Type of Reporting Person (See Instructions) IN (1) Percentage is calculated based on 40,239,419 ordinary shares issued and outstanding on October 1, 2024. Item 1. Security and Issuer. This amended statement of beneficial ownership on Schedule 13D (this “Statement”) relates to the ordinary shares (the “Ordinary Shares”) of ESGL Holdings Limited (the “Issuer”). The principal executive offices of the Issuer are located at 101 Tuas South Avenue 2, Singapore 637226. The Ordinary Shares are listed on the Nasdaq Global Market under the symbol “ESGL.” Item 2. Identity and Background. (a) This (b) The (c) N/A. (d)–(e) During the last five years, the Reporting Person has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Quek Leng Chuang is a citizen of the Republic of Singapore. Item 3. Source and Amount of Funds or Other Consideration. As previously disclosed, on August 2, 2023 (the “Closing Date”), the Issuer consummated the business combination (the “Business Combination”) pursuant to the terms of the Merger Agreement, dated as of November 29, 2022 (the “Merger Agreement”), by and among the Issuer, Genesis Unicorn Capital Corp., a Delaware corporation, ESGH Merger Sub Corp, a Cayman Islands exempted company and wholly-owned subsidiary of Issuer, Environmental Solutions Group Holdings Limited, a Cayman Islands exempted company (“Legacy ESGL”), and certain shareholders of Legacy ESGL. Pursuant to the terms of the Merger Agreement, upon closing of the Business Combination, 6,764,150 ordinary shares of Legacy ESGL owned by the Reporting Person were automatically cancelled and converted into 3,779,123 Ordinary Shares issued to the Reporting Person. References to and descriptions of the Merger Agreement herein are qualified in their entirety by reference to the Merger Agreement filed as Exhibit 2 to this Statement and incorporated herein by reference. On November 20, 2023, the Reporting Person purchased an aggregate of 191,348 Ordinary Shares fro