Director of NIP Group (NIPG) discloses 20.5M Class A shares via Apex Cyber
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
NIP Group Inc. director Kee Wee Kiang, Kenneth has filed an initial ownership report showing a large indirect stake. The filing reports indirect ownership of 20,529,262 Class A ordinary shares, held through Apex Cyber Capital Limited, a British Virgin Islands limited liability company.
NIP Group’s capital structure includes Class A, Class B1 and Class B2 ordinary shares. Each Class A share carries one vote, while each Class B1 and Class B2 share carries 20 votes under a weighted voting right structure. Each Class B1 and Class B2 share is convertible into one Class A share, but Class A shares are not convertible into Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KEE WEE KIANG KENNETH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary share | -- | -- | -- |
Holdings After Transaction:
Class A ordinary share — 20,529,262 shares (Indirect, By Apex Cyber Capital Limited)
Footnotes (1)
- The authorized share capital of NIP Group Inc. consists of Class A ordinary shares, Class B1 ordinary shares and Class B2 ordinary shares. Each holder of Class A ordinary shares is entitled to one vote per share, while each holder of Class B1 ordinary shares and Class B2 ordinary shares is entitled to 20 votes per share, subject to the approval conditions for ordinary resolutions, the Weighted Voting Right and certain restrictions. Each Class B1 ordinary share and Class B2 ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof, while Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Apex Cyber Capital Limited is a limited liability company established in the British Virgin Islands. Kee Wee Kiang, Kenneth, FANG Wenwen and SHEN Yue Lei each indirectly holds one-third of the shares of Apex Cyber Capital Limited.
Key Figures
Indirect Class A holdings: 20,529,262 shares
Class A voting power: 1 vote per share
Class B voting power: 20 votes per share
+2 more
5 metrics
Indirect Class A holdings
20,529,262 shares
Class A ordinary shares indirectly held via Apex Cyber Capital Limited
Class A voting power
1 vote per share
Voting rights for each Class A ordinary share
Class B voting power
20 votes per share
Voting rights for each Class B1 and Class B2 ordinary share
Class B conversion ratio
1:1 into Class A
Each Class B1 and Class B2 share convertible into one Class A share
Apex Cyber ownership split
One-third each
Each of three individuals indirectly holds one-third of Apex Cyber Capital Limited
Key Terms
Class A ordinary share, Class B1 ordinary shares, Weighted Voting Right, convertible into one Class A ordinary share, +1 more
5 terms
Weighted Voting Right financial
"Each holder of Class B1 ordinary shares and Class B2 ordinary shares is entitled to 20 votes per share, subject to the approval conditions for ordinary resolutions, the Weighted Voting Right and certain restrictions."
limited liability company financial
"Apex Cyber Capital Limited is a limited liability company established in the British Virgin Islands."
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
FAQ
What insider position did NIPG director Kee Wee Kiang, Kenneth report on Form 3?
He reported an indirect holding of 20,529,262 Class A ordinary shares of NIP Group Inc. The shares are held through Apex Cyber Capital Limited, reflecting his beneficial interest via this entity rather than direct personal ownership.
Does the NIPG Form 3 show a buy or sell transaction by the director?
The Form 3 is an initial statement of beneficial ownership and lists existing holdings. It does not report any explicit open-market buy or sell transaction, focusing instead on the indirect Class A ordinary share position held via Apex Cyber Capital Limited.