Schedule 13D - Activist Investments
NASDAQ
Happy City Holdings Limited's key shareholders, Suk Yee, Kwan and Tak Shing, Lam, have lost beneficial ownership of 12,000,000 Class B Ordinary Shares due to a loan default and subsequent enforcement by Sky Way Innovation Holdings Limited.
Worse than expected
NASDAQ
Happy City Holdings Ltd. founders Suk Yee Kwan and Tak Shing Lam have filed a Schedule 13D, confirming their beneficial ownership of 40.3% of the company's ordinary shares and intent to maintain control.