SCHEDULE 13G: Malaysian Investor Hew Yuen Foong Acquires Over 6% Stake in Agape ATP Corp Through BVI Entity

Sentiment:

Beneficial Ownership Disclosure 31 March 2025 10:25 AM

Malaysian investor Hew Yuen Foong, through his wholly-owned British Virgin Islands entity Evergreen Strategic Capital Holding Limited, has acquired a 6.03% beneficial ownership stake in Agape ATP Corp.

Capital raiseThe 3,013,000 shares were acquired "pursuant to the subscription agreement dated February 28, 2025." This implies a direct issuance of shares by Agape ATP Corp to Evergreen Strategic Capital Holding Limited, which is a form of capital raise for the company.

Summary

Evergreen Strategic Capital Holding Limited and its sole director, Hew Yuen Foong, have reported beneficial ownership of 3,013,000 shares of Agape ATP Corp common stock.
This stake represents 6.03% of the company's total outstanding common stock.
The shares were acquired pursuant to a subscription agreement dated February 28, 2025.
The percentage ownership is calculated based on 50,005,381 shares of common stock issued and outstanding as of March 24, 2025, as reported in Agape ATP Corp's 8-K filing on March 25, 2025.
The filing indicates that the shares were not acquired for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The acquisition of a 6.03% stake by a new investor, Hew Yuen Foong, through a subscription agreement suggests a direct capital infusion into Agape ATP Corp, which is generally a positive development for the company. The investor has certified that the acquisition is for passive investment purposes and not to influence control.

Positives

A new significant investor, Hew Yuen Foong, has acquired a substantial 6.03% stake in Agape ATP Corp, potentially signaling confidence in the company's future.
The acquisition was made via a subscription agreement, suggesting a direct investment into the company, which could provide capital for operations or growth initiatives.

Future Outlook

Industry Context

This filing indicates a significant individual investment in Agape ATP Corp, a common occurrence in the financial markets where investors acquire stakes for passive investment purposes. Without further information on Agape ATP Corp's specific industry or other market activities, a detailed industry context is not provided in this document.

Stakeholder Impact

Shareholders: The entry of a new significant shareholder could be viewed positively, potentially increasing investor confidence and liquidity. The direct subscription implies dilution for existing shareholders, but also capital for the company.
Company (Agape ATP Corp): The company likely received capital from the subscription agreement, which can be used for operations, growth, or debt reduction.

Key Dates

Date	Description
February 28, 2025	Date of the subscription agreement pursuant to which shares were acquired.
March 24, 2025	Date of the event which requires filing of this statement; also the date as of which shares outstanding and shares owned were calculated.
March 25, 2025	Date Agape ATP Corp filed its 8-K reporting 50,005,381 shares outstanding.
March 27, 2025	Date of the Joint Filing Agreement.
March 31, 2025	Date the Schedule 13G was signed.

Recommendation

hold

Keywords

Agape ATP Corp, Hew Yuen Foong, Evergreen Strategic Capital Holding Limited, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment, Shareholder, Subscription Agreement

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