SCHEDULE 13G: HON DEVID Discloses 7% Stake in Ostin Technology Group Co., Ltd.
Beneficial Ownership Report
HON DEVID has filed a Schedule 13G, revealing a beneficial ownership of 7.00% of Ostin Technology Group Co., Ltd.'s Class A Ordinary Shares.
Summary
- HON DEVID, an individual from Indonesia, has reported beneficial ownership of 7,519,996 Class A Ordinary Shares of Ostin Technology Group Co., Ltd.
- This stake represents 7.00% of the total outstanding Class A Ordinary Shares of Ostin Technology Group Co., Ltd.
- The percentage of ownership is calculated based on 107,430,032 Class A ordinary shares and 200,000 Class B ordinary shares issued and outstanding as of May 12, 2025.
- HON DEVID holds sole voting power and sole dispositive power over all 7,519,996 Class A Ordinary Shares.
- The reported beneficial ownership represents 5.90% of the total outstanding voting power, considering Class A shares have one vote per share and Class B shares have 100 votes per share.
- The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without expressing positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of significant beneficial ownership, indicating a substantial individual investment in Ostin Technology Group Co., Ltd. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: The disclosure of a significant 7.00% stake by an individual investor, HON DEVID, indicates a concentration of ownership and voting power (5.90% of total voting power). This could be viewed as a sign of investor confidence or, conversely, raise questions about control dynamics, although the filing explicitly states the shares were not acquired for control purposes.
Key Dates
| Date | Description |
|---|---|
| 05/08/2025 | Date of event which requires filing of this statement |
| 05/12/2025 | Date as of which the issuer's Class A and Class B ordinary shares outstanding were provided for percentage calculation |
| 05/29/2025 | Date of filing of this Schedule 13G |
Keywords
Ostin Technology Group, HON DEVID, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, SEC Filing, Shareholder, Stake, Voting Power
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