SCHEDULE 13G: Star Capital and Kin Chung CHAN Disclose 35.73% Beneficial Stake in Reitar Logtech Holdings

Star Capital Asset Management Limited and its sole owner, Kin Chung CHAN, have jointly disclosed a significant beneficial ownership of 35.73% in Reitar Logtech Holdings Limited's Class A ordinary shares.

Summary

• Star Capital Asset Management Limited and Kin Chung CHAN have filed a Schedule 13G, reporting beneficial ownership of 22,200,000 shares in Reitar Logtech Holdings Limited.
• This aggregate ownership represents 35.73% of the company's Class A ordinary shares on an as-converted basis.
• The shares beneficially owned consist of 14,800,000 Class A ordinary shares and 7,400,000 Class B ordinary shares.
• Star Capital Asset Management Limited, a British Virgin Islands company, is 100% owned by Kin Chung CHAN, a citizen of Hong Kong.
• Both reporting persons hold sole voting and sole dispositive power over the 22,200,000 shares.
• The calculation of the 35.73% ownership is based on a denominator of 62,125,000 total shares, comprising 42,125,000 Class A and 20,000,000 Class B ordinary shares outstanding as of August 22, 2024, as reported in the Issuer's prospectus filed on August 23, 2024.
• Class B ordinary shares are convertible into Class A ordinary shares on a one-to-one basis and carry fifteen votes per share, compared to one vote per Class A ordinary share.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard regulatory disclosure of significant beneficial ownership and does not provide specific insights into broader industry trends or competitive landscape for Reitar Logtech Holdings Limited.

Stakeholder Impact

• The disclosure of a 35.73% beneficial ownership by a single individual (Kin Chung CHAN) through a wholly-owned entity (Star Capital Asset Management Limited) indicates a significant concentration of control, which could influence future corporate governance, strategic decisions, and potentially the liquidity of the company's shares for other investors.

Next Steps

• The reporting persons will be responsible for timely filing of subsequent amendments to this Schedule 13G if there are changes to their beneficial ownership.

Key Dates

Keywords

Reitar Logtech Holdings Limited, Star Capital Asset Management Limited, Kin Chung CHAN, Schedule 13G, beneficial ownership, Class A ordinary shares, Class B ordinary shares, SEC filing, Hong Kong, British Virgin Islands