GEC Tech Ltd Discloses 1.2M Share Stake in Ohmyhome Ltd

TL;DR

**GEC Tech just bought 1.2M shares of Ohmyhome, big vote of confidence!**

AI Summary

GEC Tech Ltd, a British Virgin Islands-based entity, has reported beneficial ownership of 1,227,446 ordinary shares of Ohmyhome Ltd (NASDAQ: OMH), representing a significant stake in the real estate company. This filing, dated January 17, 2024, indicates GEC Tech Ltd holds sole voting and dispositive power over these shares. This matters to investors because a large institutional holding can signal confidence in the company's future, potentially influencing stock stability and future strategic decisions.

Why It Matters

This filing reveals a new significant shareholder, GEC Tech Ltd, which could impact Ohmyhome Ltd's stock performance and corporate governance.

Risk Assessment

Risk Level: low — This filing indicates a new significant shareholder, which is generally a positive or neutral event for existing investors.

Analyst Insight

A smart investor would note this significant institutional ownership as a potential positive signal, suggesting GEC Tech Ltd sees value in Ohmyhome Ltd. It warrants further research into GEC Tech Ltd's investment strategy and Ohmyhome Ltd's fundamentals.

Key Numbers

• 1,227,446 — Shares Beneficially Owned (Represents the total number of Ohmyhome Ltd ordinary shares GEC Tech Ltd has sole voting and dispositive power over.)
• US$0.001 — Par Value per Share (The nominal value of Ohmyhome Ltd's ordinary shares.)

Key Players & Entities

• GEC Tech Ltd (company) — reporting person and beneficial owner
• Ohmyhome Ltd (company) — subject company (issuer)
• 1,227,446 (dollar_amount) — number of shares beneficially owned
• January 17, 2024 (date) — date of event requiring filing
• British Virgin Islands (company) — place of organization for GEC Tech Ltd

Forward-Looking Statements

• Ohmyhome Ltd's stock price may experience increased stability due to a significant institutional holder. (Ohmyhome Ltd) — medium confidence, target: Q2 2024
• GEC Tech Ltd may seek to engage with Ohmyhome Ltd's management on strategic initiatives. (GEC Tech Ltd) — low confidence, target: Q3 2024

FAQ

Key Financial Figures

• $0.001 — (Name of Issuer) Ordinary shares, US$0.001 par value (Title of Class of Securiti

Filing Documents

• formsc13g.htm (SC 13G) — 61KB
• 0001493152-24-002813.txt ( ) — 62KB

From the Filing

SC 13G 1 formsc13g.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._____ )* Ohmyhome Limited (Name of Issuer) Ordinary shares, US$0.001 par value (Title of Class of Securities) G6S38M107 (CUSIP Number) 3/21/23 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d–1(b) Rule 13d–1(c) Rule 13d–1(d) * 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 the disclosures provided in a prior cover page. The information required in 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). Schedule 13G CUSIP No. G6S38M107 1. Names of Reporting Persons. GEC Tech Ltd 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization British Virgin Islands Number of Shares Beneficially by Owned by Each Reporting Person With: 5. Sole Voting Power 1,227,446 6. Shared Voting Power 0 7. Sole Dispositive Power 1,227,446 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,227,446 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 6.44%* 12. Type of Reporting Person (See Instructions) CO *Based on 19,050,000 ordinary shares outstanding of Ohmyhome Limited (the “Issuer”) as of 23 March, 2023, following the close of the Initial Public Offering by the Issuer and filed with the Securities and Exchange Commission effective 20 March, 2023. Page 2 of 6 pages Schedule 13G CUSIP No. G6S38M107 Item 1(a) Name of issuer: Ohmyhome Limited Item 1(b) Address of issuer’s principal executive offices: 11 Lorong 3 Toa Payoh, Block B #04-16/21, Jackson Square Singapore 319579 2(a) Name of person filing: GEC Tech Ltd 2(b) Address or principal business office or, if none, residence: Tortola Pier Park, Building 1, Wickhams Cay 1, 2nd Floor, Road Town, Tortola, British Virgin Islands 2(c) Citizenship: GEC Tech Ltd – British Virgin Islands 2(d) Title of class of securities: Ordinary shares, US$0.001 par value 2(e) CUSIP No.: G6S38M107 Item 3. If this statement is filed pursuant to §§ 240.13d–1(b) or 240.13d–2(b) or (c), check whether the person filing is a: Not applicable Page 3 of 6 pages Schedule 13G CUSIP No. G6S38M107 Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,227,446. (b) Percent of class: 6.44%. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,227,446. (ii) Shared power to vote or to direct the vote 0. (iii) Sole power to dispose or to direct the disposition of 1,227,446. (iv) Shared power to dispose or to direct the disposition of 0. Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following . Not Applicable Item 6. Ownership of More than 5 Percent on Behalf of Another Person. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person . If a parent holding company or control person has filed this schedule pursuant to Rule 13d–1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control personhas filed this schedule

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