[8-K] Group 1 Automotive, Inc. Reports Material Event
Filing type: Schedule 13D/A (Amendment No. 1) for Tian Ruixiang Holdings Ltd. (Ticker: TIRX). The amendment updates ownership data following a change in the issuer鈥檚 total outstanding shares.
Reporting persons:
- Mufang Gao (individual)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Aggregate beneficial ownership (economic):
- Mufang Gao (combined across the three entities) 鈥� 3,250,900 shares, representing 2.65 % of the Class A share class.
- Unitrust Holdings 鈥� 2,008,900 shares (1.64 %).
- Plenty Holdings 鈥� 540,000 shares (0.45 %).
- ES-Shining Unity Holdings 鈥� 702,000 shares (0.58 %).
Holdings comprise (i) Class A ordinary shares, (ii) 1,050,000 Class B ordinary shares that carry 600 votes per share, and (iii) rights to purchase up to 1,009,800 additional Class A shares via warrants/options. All Class B shares are convertible 1-for-1 into Class A shares at the holder鈥檚 option.
Reason for amendment: the only change is the recalculation of ownership percentages based on the issuer鈥檚 newly reported 120,757,154 Class A shares outstanding as of 30 Jun 2025. No new share purchases or sales were reported in the preceding 60 days.
Governance implications: Although Gao鈥檚 economic stake is modest, the super-voting Class B shares materially enhance his voting influence. The complex multi-entity structure centralises dispositive and voting power in Gao, who is the sole director and controlling shareholder of each reporting entity.
Tipo di deposito: Schedule 13D/A (Emendamento n. 1) per Tian Ruixiang Holdings Ltd. (Ticker: TIRX). L'emendamento aggiorna i dati di propriet脿 a seguito di una variazione del numero totale di azioni in circolazione dell'emittente.
Persone che segnalano:
- Mufang Gao (persona fisica)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Propriet脿 beneficiaria aggregata (economica):
- Mufang Gao (combinata tra le tre entit脿) 鈥� 3.250.900 azioni, pari al 2,65% della classe A.
- Unitrust Holdings 鈥� 2.008.900 azioni (1,64%).
- Plenty Holdings 鈥� 540.000 azioni (0,45%).
- ES-Shining Unity Holdings 鈥� 702.000 azioni (0,58%).
Le partecipazioni comprendono (i) azioni ordinarie di Classe A, (ii) 1.050.000 azioni ordinarie di Classe B con 600 voti per azione e (iii) diritti di acquisto fino a 1.009.800 azioni aggiuntive di Classe A tramite warrant/opzioni. Tutte le azioni di Classe B sono convertibili in azioni di Classe A in rapporto 1:1 a discrezione del detentore.
Motivo dell'emendamento: l'unica modifica 猫 la ricalcolazione delle percentuali di propriet脿 basata sulle 120.757.154 azioni di Classe A in circolazione al 30 giugno 2025 recentemente segnalate dall'emittente. Non sono stati riportati acquisti o vendite di azioni nelle 60 giorni precedenti.
Implicazioni di governance: Sebbene la partecipazione economica di Gao sia modesta, le azioni di Classe B con super-voto aumentano significativamente la sua influenza di voto. La complessa struttura multi-entit脿 concentra il potere dispositivivo e di voto in Gao, che 猫 l'unico direttore e azionista di controllo di ciascuna entit脿 segnalante.
Tipo de presentaci贸n: Schedule 13D/A (Enmienda n.潞 1) para Tian Ruixiang Holdings Ltd. (Ticker: TIRX). La enmienda actualiza los datos de propiedad tras un cambio en el total de acciones en circulaci贸n del emisor.
Personas que reportan:
- Mufang Gao (persona f铆sica)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Propiedad beneficiaria agregada (econ贸mica):
- Mufang Gao (combinado entre las tres entidades) 鈥� 3,250,900 acciones, representando el 2.65 % de la clase A.
- Unitrust Holdings 鈥� 2,008,900 acciones (1.64 %).
- Plenty Holdings 鈥� 540,000 acciones (0.45 %).
- ES-Shining Unity Holdings 鈥� 702,000 acciones (0.58 %).
Las participaciones incluyen (i) acciones ordinarias Clase A, (ii) 1,050,000 acciones ordinarias Clase B con 600 votos por acci贸n, y (iii) derechos para adquirir hasta 1,009,800 acciones adicionales Clase A mediante warrants/opciones. Todas las acciones Clase B son convertibles 1 a 1 en acciones Clase A a opci贸n del titular.
Motivo de la enmienda: el 煤nico cambio es el rec谩lculo de los porcentajes de propiedad basado en las 120,757,154 acciones Clase A en circulaci贸n al 30 de junio de 2025 reportadas recientemente por el emisor. No se reportaron compras ni ventas de acciones en los 60 d铆as previos.
Implicaciones de gobernanza: Aunque la participaci贸n econ贸mica de Gao es modesta, las acciones Clase B con s煤per voto aumentan significativamente su influencia en las votaciones. La compleja estructura multi-entidad centraliza el poder decisorio y de voto en Gao, quien es el 煤nico director y accionista controlador de cada entidad reportante.
鞝滌稖 鞙犿槙: Tian Ruixiang Holdings Ltd. (韹办护: TIRX)鞐� 雽�頃� Schedule 13D/A (靾橃爼 鞝�1順�). 鞚� 靾橃爼鞚� 氚滍枆靷潣 齑� 氚滍枆 欤检嫕 靾� 氤�霃欖棎 霐半ジ 靻岇湢甓� 雿办澊韯半ゼ 鞐呺嵃鞚错姼頃╇媹雼�.
氤搓碃鞛�:
- 氍错尅 臧�鞓�(Mufang Gao) (臧涤澑)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
齑� 瓴届牅鞝� 鞁れ 靻岇湢甓�:
- 氍错尅 臧�鞓� (靹� 臧� 氩曥澑 頃╈偘) 鈥� 3,250,900欤�, 韥措灅鞀� A 欤检嫕鞚� 2.65%.
- Unitrust Holdings 鈥� 2,008,900欤� (1.64%).
- Plenty Holdings 鈥� 540,000欤� (0.45%).
- ES-Shining Unity Holdings 鈥� 702,000欤� (0.58%).
氤挫湢 欤检嫕鞚� (i) 韥措灅鞀� A 氤错喌欤�, (ii) 欤茧嫻 600響滌潣 甓岆Μ毳� 臧�歆� 1,050,000欤� 韥措灅鞀� B 氤错喌欤�, (iii) 鞗岆煱韸�/鞓奠厴鞚� 韱淀暣 斓滊寑 1,009,800欤检潣 於旉皜 韥措灅鞀� A 欤检嫕鞚� 毵れ垬頃� 甓岆Μ毳� 韽暔頃╇媹雼�. 氇摖 韥措灅鞀� B 欤检嫕鞚� 氤挫湢鞛愳潣 靹犿儩鞐� 霐半澕 1雽�1 牍勳湪搿� 韥措灅鞀� A 欤检嫕鞙茧 鞝勴櫂 臧�電ロ暕雼堧嫟.
靾橃爼 靷湢: 鞙犾澕頃� 氤�瓴� 靷暛鞚� 氚滍枆靷皜 靸堧 氤搓碃頃� 2025雲� 6鞗� 30鞚� 旮办 120,757,154欤� 韥措灅鞀� A 氚滍枆 欤检嫕 靾�毳� 旮办鞙茧 靻岇湢甓� 牍勳湪鞚� 鞛硠靷绊暅 瓴冹瀰雼堧嫟. 斓滉芳 60鞚缄皠 鞁犼窚 欤检嫕 毵るГ電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
歆�氚瓣惮臁� 鞓來枼: 臧�鞓れ潣 瓴届牅鞝� 歆�攵勳潃 韥 鞎婌毵�, 鞀堩嵓 氤错寘 甓岉暅鞚� 鞛堧姅 韥措灅鞀� B 欤检嫕鞚� 攴胳潣 鞚橁舶甓� 鞓來枼霠レ潉 韥矊 臧曧檾頃╇媹雼�. 氤奠灐頃� 雼れ 氩曥澑 甑“電� 臧� 氤搓碃 氩曥澑鞚� 鞙犾澕頃� 鞚挫偓鞚挫瀽 斓滊寑 欤检＜鞚� 臧�鞓れ棎瓴� 瓴办爼甓岅臣 鞚橁舶甓岇潉 歆戩鞁滍偟雼堧嫟.
Type de d茅p么t : Schedule 13D/A (Amendement n掳 1) pour Tian Ruixiang Holdings Ltd. (Symbole : TIRX). L'amendement met 脿 jour les donn茅es de propri茅t茅 suite 脿 une modification du nombre total d'actions en circulation de l'茅metteur.
Personnes d茅clarantes :
- Mufang Gao (individu)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Propri茅t茅 b茅n茅ficiaire agr茅g茅e (茅conomique) :
- Mufang Gao (regroup茅 sur les trois entit茅s) 鈥� 3 250 900 actions, repr茅sentant 2,65 % de la classe A.
- Unitrust Holdings 鈥� 2 008 900 actions (1,64 %).
- Plenty Holdings 鈥� 540 000 actions (0,45 %).
- ES-Shining Unity Holdings 鈥� 702 000 actions (0,58 %).
Les participations comprennent (i) des actions ordinaires de classe A, (ii) 1 050 000 actions ordinaires de classe B avec 600 voix par action, et (iii) des droits d'achat pouvant porter jusqu'脿 1 009 800 actions suppl茅mentaires de classe A via des bons/options. Toutes les actions de classe B sont convertibles en actions de classe A 脿 raison de 1 pour 1 脿 la discr茅tion du d茅tenteur.
Motif de l'amendement : la seule modification est le recalcul des pourcentages de propri茅t茅 bas茅 sur les 120 757 154 actions de classe A en circulation au 30 juin 2025 r茅cemment d茅clar茅es par l'茅metteur. Aucun nouvel achat ou vente d'actions n'a 茅t茅 signal茅 au cours des 60 jours pr茅c茅dents.
Implications en mati猫re de gouvernance : Bien que la participation 茅conomique de Gao soit modeste, les actions de classe B 脿 super droit de vote augmentent consid茅rablement son influence lors des votes. La structure complexe multi-entit茅s centralise le pouvoir d茅cisionnel et de vote chez Gao, qui est le seul administrateur et actionnaire contr么lant de chaque entit茅 d茅clarante.
Einreichungstyp: Schedule 13D/A (脛nderung Nr. 1) f眉r Tian Ruixiang Holdings Ltd. (Ticker: TIRX). Die 脛nderung aktualisiert die Eigentumsdaten nach einer 脛nderung der insgesamt ausstehenden Aktien des Emittenten.
Meldende Personen:
- Mufang Gao (Einzelperson)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Aggregierter wirtschaftlicher Eigentumsanteil:
- Mufang Gao (kombiniert 眉ber die drei Einheiten) 鈥� 3.250.900 Aktien, entsprechend 2,65 % der Klasse A.
- Unitrust Holdings 鈥� 2.008.900 Aktien (1,64 %).
- Plenty Holdings 鈥� 540.000 Aktien (0,45 %).
- ES-Shining Unity Holdings 鈥� 702.000 Aktien (0,58 %).
Die Beteiligungen umfassen (i) Klasse A Stammaktien, (ii) 1.050.000 Klasse B Stammaktien mit 600 Stimmen pro Aktie und (iii) Rechte zum Erwerb von bis zu 1.009.800 zus盲tzlichen Klasse A Aktien durch Warrants/Optionen. Alle Klasse B Aktien sind 1:1 in Klasse A Aktien wandelbar nach Wahl des Inhabers.
Grund f眉r die 脛nderung: Die einzige 脛nderung ist die Neuberechnung der Eigentumsanteile basierend auf den vom Emittenten neu gemeldeten 120.757.154 ausstehenden Klasse A Aktien zum 30. Juni 2025. In den vorangegangenen 60 Tagen wurden keine neuen Aktienk盲ufe oder -verk盲ufe gemeldet.
Governance-Auswirkungen: Obwohl Gaos wirtschaftlicher Anteil gering ist, erh枚hen die Super-Stimmrechts-Klasse B Aktien seinen Stimmrechtsanteil erheblich. Die komplexe Multi-Entity-Struktur konzentriert die dispositiven und Stimmrechte bei Gao, der als einziger Direktor und kontrollierender Aktion盲r jeder meldenden Einheit fungiert.
- Transparent disclosure of updated beneficial ownership figures following share-count change.
- Clarification of voting structure鈥攅xplicit note that Class B shares carry 600 votes each and are convertible 1-for-1.
- Dilution effect: Gao鈥檚 economic stake falls to 2.65 % due to increased shares outstanding.
- Dual-class governance risk: Super-voting Class B shares allow significant control disproportionate to economic ownership.
Insights
TL;DR: Filing merely updates ownership percentages; no new transactions, but super-voting stock maintains Gao鈥檚 influence.
This 13D/A signals no change in absolute share count held by the reporting parties鈥攐nly a denominator change raising total outstanding shares to 120.76 million. Consequently, Mufang Gao鈥檚 economic stake drops to 2.65 %. However, with 1.05 million Class B shares at 600 votes each, Gao retains outsized voting power relative to his economic interest, an important governance consideration for minority holders. As dilution appears issuer-driven rather than insider-driven, immediate financial impact is limited; nevertheless, continued issuance could further diminish outside investors鈥� voting weight.
TL;DR: Super-voting structure entrenches control despite small equity stake鈥攏eutral economically, negative for governance balance.
From a governance standpoint, the filing highlights the persistence of a dual-class structure granting 600:1 vote supremacy to Class B. Although Gao鈥檚 economic interest is only 2.65 %, he can materially steer corporate decisions through aggregated voting rights across Unitrust, Plenty, and ES-Shining Unity. Investors should watch future share issuances: each new Class A share dilutes economic stakes but not Gao鈥檚 control unless Class B converts. While today鈥檚 amendment is routine, it reiterates structural risks for public shareholders seeking proportional influence.
Tipo di deposito: Schedule 13D/A (Emendamento n. 1) per Tian Ruixiang Holdings Ltd. (Ticker: TIRX). L'emendamento aggiorna i dati di propriet脿 a seguito di una variazione del numero totale di azioni in circolazione dell'emittente.
Persone che segnalano:
- Mufang Gao (persona fisica)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Propriet脿 beneficiaria aggregata (economica):
- Mufang Gao (combinata tra le tre entit脿) 鈥� 3.250.900 azioni, pari al 2,65% della classe A.
- Unitrust Holdings 鈥� 2.008.900 azioni (1,64%).
- Plenty Holdings 鈥� 540.000 azioni (0,45%).
- ES-Shining Unity Holdings 鈥� 702.000 azioni (0,58%).
Le partecipazioni comprendono (i) azioni ordinarie di Classe A, (ii) 1.050.000 azioni ordinarie di Classe B con 600 voti per azione e (iii) diritti di acquisto fino a 1.009.800 azioni aggiuntive di Classe A tramite warrant/opzioni. Tutte le azioni di Classe B sono convertibili in azioni di Classe A in rapporto 1:1 a discrezione del detentore.
Motivo dell'emendamento: l'unica modifica 猫 la ricalcolazione delle percentuali di propriet脿 basata sulle 120.757.154 azioni di Classe A in circolazione al 30 giugno 2025 recentemente segnalate dall'emittente. Non sono stati riportati acquisti o vendite di azioni nelle 60 giorni precedenti.
Implicazioni di governance: Sebbene la partecipazione economica di Gao sia modesta, le azioni di Classe B con super-voto aumentano significativamente la sua influenza di voto. La complessa struttura multi-entit脿 concentra il potere dispositivivo e di voto in Gao, che 猫 l'unico direttore e azionista di controllo di ciascuna entit脿 segnalante.
Tipo de presentaci贸n: Schedule 13D/A (Enmienda n.潞 1) para Tian Ruixiang Holdings Ltd. (Ticker: TIRX). La enmienda actualiza los datos de propiedad tras un cambio en el total de acciones en circulaci贸n del emisor.
Personas que reportan:
- Mufang Gao (persona f铆sica)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Propiedad beneficiaria agregada (econ贸mica):
- Mufang Gao (combinado entre las tres entidades) 鈥� 3,250,900 acciones, representando el 2.65 % de la clase A.
- Unitrust Holdings 鈥� 2,008,900 acciones (1.64 %).
- Plenty Holdings 鈥� 540,000 acciones (0.45 %).
- ES-Shining Unity Holdings 鈥� 702,000 acciones (0.58 %).
Las participaciones incluyen (i) acciones ordinarias Clase A, (ii) 1,050,000 acciones ordinarias Clase B con 600 votos por acci贸n, y (iii) derechos para adquirir hasta 1,009,800 acciones adicionales Clase A mediante warrants/opciones. Todas las acciones Clase B son convertibles 1 a 1 en acciones Clase A a opci贸n del titular.
Motivo de la enmienda: el 煤nico cambio es el rec谩lculo de los porcentajes de propiedad basado en las 120,757,154 acciones Clase A en circulaci贸n al 30 de junio de 2025 reportadas recientemente por el emisor. No se reportaron compras ni ventas de acciones en los 60 d铆as previos.
Implicaciones de gobernanza: Aunque la participaci贸n econ贸mica de Gao es modesta, las acciones Clase B con s煤per voto aumentan significativamente su influencia en las votaciones. La compleja estructura multi-entidad centraliza el poder decisorio y de voto en Gao, quien es el 煤nico director y accionista controlador de cada entidad reportante.
鞝滌稖 鞙犿槙: Tian Ruixiang Holdings Ltd. (韹办护: TIRX)鞐� 雽�頃� Schedule 13D/A (靾橃爼 鞝�1順�). 鞚� 靾橃爼鞚� 氚滍枆靷潣 齑� 氚滍枆 欤检嫕 靾� 氤�霃欖棎 霐半ジ 靻岇湢甓� 雿办澊韯半ゼ 鞐呺嵃鞚错姼頃╇媹雼�.
氤搓碃鞛�:
- 氍错尅 臧�鞓�(Mufang Gao) (臧涤澑)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
齑� 瓴届牅鞝� 鞁れ 靻岇湢甓�:
- 氍错尅 臧�鞓� (靹� 臧� 氩曥澑 頃╈偘) 鈥� 3,250,900欤�, 韥措灅鞀� A 欤检嫕鞚� 2.65%.
- Unitrust Holdings 鈥� 2,008,900欤� (1.64%).
- Plenty Holdings 鈥� 540,000欤� (0.45%).
- ES-Shining Unity Holdings 鈥� 702,000欤� (0.58%).
氤挫湢 欤检嫕鞚� (i) 韥措灅鞀� A 氤错喌欤�, (ii) 欤茧嫻 600響滌潣 甓岆Μ毳� 臧�歆� 1,050,000欤� 韥措灅鞀� B 氤错喌欤�, (iii) 鞗岆煱韸�/鞓奠厴鞚� 韱淀暣 斓滊寑 1,009,800欤检潣 於旉皜 韥措灅鞀� A 欤检嫕鞚� 毵れ垬頃� 甓岆Μ毳� 韽暔頃╇媹雼�. 氇摖 韥措灅鞀� B 欤检嫕鞚� 氤挫湢鞛愳潣 靹犿儩鞐� 霐半澕 1雽�1 牍勳湪搿� 韥措灅鞀� A 欤检嫕鞙茧 鞝勴櫂 臧�電ロ暕雼堧嫟.
靾橃爼 靷湢: 鞙犾澕頃� 氤�瓴� 靷暛鞚� 氚滍枆靷皜 靸堧 氤搓碃頃� 2025雲� 6鞗� 30鞚� 旮办 120,757,154欤� 韥措灅鞀� A 氚滍枆 欤检嫕 靾�毳� 旮办鞙茧 靻岇湢甓� 牍勳湪鞚� 鞛硠靷绊暅 瓴冹瀰雼堧嫟. 斓滉芳 60鞚缄皠 鞁犼窚 欤检嫕 毵るГ電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�.
歆�氚瓣惮臁� 鞓來枼: 臧�鞓れ潣 瓴届牅鞝� 歆�攵勳潃 韥 鞎婌毵�, 鞀堩嵓 氤错寘 甓岉暅鞚� 鞛堧姅 韥措灅鞀� B 欤检嫕鞚� 攴胳潣 鞚橁舶甓� 鞓來枼霠レ潉 韥矊 臧曧檾頃╇媹雼�. 氤奠灐頃� 雼れ 氩曥澑 甑“電� 臧� 氤搓碃 氩曥澑鞚� 鞙犾澕頃� 鞚挫偓鞚挫瀽 斓滊寑 欤检＜鞚� 臧�鞓れ棎瓴� 瓴办爼甓岅臣 鞚橁舶甓岇潉 歆戩鞁滍偟雼堧嫟.
Type de d茅p么t : Schedule 13D/A (Amendement n掳 1) pour Tian Ruixiang Holdings Ltd. (Symbole : TIRX). L'amendement met 脿 jour les donn茅es de propri茅t茅 suite 脿 une modification du nombre total d'actions en circulation de l'茅metteur.
Personnes d茅clarantes :
- Mufang Gao (individu)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Propri茅t茅 b茅n茅ficiaire agr茅g茅e (茅conomique) :
- Mufang Gao (regroup茅 sur les trois entit茅s) 鈥� 3 250 900 actions, repr茅sentant 2,65 % de la classe A.
- Unitrust Holdings 鈥� 2 008 900 actions (1,64 %).
- Plenty Holdings 鈥� 540 000 actions (0,45 %).
- ES-Shining Unity Holdings 鈥� 702 000 actions (0,58 %).
Les participations comprennent (i) des actions ordinaires de classe A, (ii) 1 050 000 actions ordinaires de classe B avec 600 voix par action, et (iii) des droits d'achat pouvant porter jusqu'脿 1 009 800 actions suppl茅mentaires de classe A via des bons/options. Toutes les actions de classe B sont convertibles en actions de classe A 脿 raison de 1 pour 1 脿 la discr茅tion du d茅tenteur.
Motif de l'amendement : la seule modification est le recalcul des pourcentages de propri茅t茅 bas茅 sur les 120 757 154 actions de classe A en circulation au 30 juin 2025 r茅cemment d茅clar茅es par l'茅metteur. Aucun nouvel achat ou vente d'actions n'a 茅t茅 signal茅 au cours des 60 jours pr茅c茅dents.
Implications en mati猫re de gouvernance : Bien que la participation 茅conomique de Gao soit modeste, les actions de classe B 脿 super droit de vote augmentent consid茅rablement son influence lors des votes. La structure complexe multi-entit茅s centralise le pouvoir d茅cisionnel et de vote chez Gao, qui est le seul administrateur et actionnaire contr么lant de chaque entit茅 d茅clarante.
Einreichungstyp: Schedule 13D/A (脛nderung Nr. 1) f眉r Tian Ruixiang Holdings Ltd. (Ticker: TIRX). Die 脛nderung aktualisiert die Eigentumsdaten nach einer 脛nderung der insgesamt ausstehenden Aktien des Emittenten.
Meldende Personen:
- Mufang Gao (Einzelperson)
- Unitrust Holdings Ltd.
- Plenty Holdings Company Ltd.
- ES-Shining Unity Holdings Ltd.
Aggregierter wirtschaftlicher Eigentumsanteil:
- Mufang Gao (kombiniert 眉ber die drei Einheiten) 鈥� 3.250.900 Aktien, entsprechend 2,65 % der Klasse A.
- Unitrust Holdings 鈥� 2.008.900 Aktien (1,64 %).
- Plenty Holdings 鈥� 540.000 Aktien (0,45 %).
- ES-Shining Unity Holdings 鈥� 702.000 Aktien (0,58 %).
Die Beteiligungen umfassen (i) Klasse A Stammaktien, (ii) 1.050.000 Klasse B Stammaktien mit 600 Stimmen pro Aktie und (iii) Rechte zum Erwerb von bis zu 1.009.800 zus盲tzlichen Klasse A Aktien durch Warrants/Optionen. Alle Klasse B Aktien sind 1:1 in Klasse A Aktien wandelbar nach Wahl des Inhabers.
Grund f眉r die 脛nderung: Die einzige 脛nderung ist die Neuberechnung der Eigentumsanteile basierend auf den vom Emittenten neu gemeldeten 120.757.154 ausstehenden Klasse A Aktien zum 30. Juni 2025. In den vorangegangenen 60 Tagen wurden keine neuen Aktienk盲ufe oder -verk盲ufe gemeldet.
Governance-Auswirkungen: Obwohl Gaos wirtschaftlicher Anteil gering ist, erh枚hen die Super-Stimmrechts-Klasse B Aktien seinen Stimmrechtsanteil erheblich. Die komplexe Multi-Entity-Struktur konzentriert die dispositiven und Stimmrechte bei Gao, der als einziger Direktor und kontrollierender Aktion盲r jeder meldenden Einheit fungiert.
FAQ
Why did Mufang Gao file an amended Schedule 13D for TIRX?
How many Tian Ruixiang (TIRX) shares does Mufang Gao now control?
What voting power do the Class B shares give Mufang Gao?
Did the reporting entities buy or sell TIRX stock recently?
What is the current number of TIRX Class A shares outstanding?
