SCHEDULE 13G: Major Shareholders Disclose 37.3% Stake in Leishen Energy Holding Co., Ltd.
Beneficial Ownership Disclosure
WISE-POWER ENERGY SERVICES CO., LTD., along with individuals Hongqi Li and Jin Wu, have disclosed a combined beneficial ownership of 37.3% in Leishen Energy Holding Co., Ltd. as of December 31, 2024.
Summary
- WISE-POWER ENERGY SERVICES CO., LTD., Hongqi Li, and Jin Wu have jointly reported beneficial ownership of 6,355,000 Ordinary Shares of Leishen Energy Holding Co., Ltd.
- This ownership represents 37.3% of the total 17,025,000 ordinary shares issued and outstanding as of January 8, 2025.
- Hongqi Li and Jin Wu are controlling persons of WISE-POWER ENERGY SERVICES CO., LTD., each owning 50% of its issued shares.
- All reporting persons share voting and dispositive power over the 6,355,000 shares.
- The beneficial interest is retained despite a voting rights proxy agreement and power of attorney granted to Polar Energy Company Limited, which can be terminated with 30 days' notice.
Sentiment
Score: 5
Explanation: The document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects. It simply reports a significant ownership stake.
Positives
- Disclosure of a significant, concentrated ownership stake by a group of related parties, indicating strong alignment of interests.
- The ability to terminate the proxy agreement and power of attorney with 30 days' notice provides flexibility for the beneficial owners.
Risks
- The existence of a voting rights proxy agreement and power of attorney with Polar Energy Company Limited introduces a third party into the control structure, although it is terminable.
- Concentrated ownership (37.3%) by a single group could lead to significant influence over company decisions, potentially limiting the influence of other shareholders.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholder Control Structure | The filing clarifies the beneficial ownership structure, indicating that WISE-POWER ENERGY SERVICES CO., LTD. is controlled by Hongqi Li and Jin Wu, each holding 50%. It also details a voting rights proxy agreement and power of attorney with Polar Energy Company Limited, which can be terminated with 30 days' notice. | August 10, 2023 | This clarifies the ultimate control over a significant block of shares (37.3%), potentially influencing corporate decisions and strategic direction. The terminable nature of the proxy agreement provides flexibility to the beneficial owners. |
Related Party Transactions
- A voting rights proxy agreement and power of attorney were granted to Polar Energy Company Limited on August 10, 2023, concerning the 6,355,000 Ordinary Shares. This arrangement can be terminated with 30 days' written notice.
Stakeholder Impact
- Shareholders: The disclosure of a significant 37.3% beneficial ownership by a single group provides clarity on the company's control structure, which could influence investor perception regarding corporate governance and strategic direction.
Key Dates
| Date | Description |
|---|---|
| August 10, 2023 | Date of voting rights proxy agreement and power of attorney granted to Polar Energy Company Limited. |
| December 20, 2024 | Date of Issuer's prospectus filing under Rule 424(b)(4). |
| December 31, 2024 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| January 8, 2025 | Date of Issuer's current report on Form 6-K, and the date as of which 17,025,000 ordinary shares were issued and outstanding. |
| February 12, 2025 | Date of signing the Schedule 13G filing. |
Keywords
Leishen Energy Holding Co. Ltd., WISE-POWER ENERGY SERVICES CO. LTD., Hongqi Li, Jin Wu, Schedule 13G, beneficial ownership, SEC filing, ordinary shares, shareholder stake, corporate control, energy sector
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