SCHEDULE 13G: Major Shareholder Discloses 42.83% Stake in WORK Medical Technology Group LTD
Beneficial Ownership Report
LWY GROUP LTD and its sole shareholder Baiming Yu have disclosed a beneficial ownership of 42.83% in WORK Medical Technology Group LTD, totaling 6,250,000 ordinary shares as of December 31, 2024.
Summary
- LWY GROUP LTD and Baiming Yu jointly reported beneficial ownership of 6,250,000 ordinary shares of WORK Medical Technology Group LTD.
- This ownership represents 42.83% of the company's outstanding ordinary shares.
- The percentage is calculated based on 14,591,942 ordinary shares outstanding as of December 31, 2024, information provided by the Issuer to the Reporting Persons.
- Baiming Yu is identified as the sole shareholder of LWY GROUP LTD and is therefore deemed to indirectly beneficially own the securities held by LWY GROUP LTD.
- Both LWY GROUP LTD and Baiming Yu hold shared voting power and shared dispositive power over the 6,250,000 shares.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of beneficial ownership required by regulation, without explicit positive or negative operational news or strategic announcements.
Positives
- A significant beneficial ownership of 42.83% by LWY GROUP LTD and Baiming Yu indicates strong commitment and confidence from a major shareholder in WORK Medical Technology Group LTD.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a standard disclosure of beneficial ownership and does not provide specific insights into broader industry trends or competitive landscape within the medical technology sector.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes, which can influence perceptions of control and stability.
- Company: Highlights the presence of a major shareholder with substantial influence over voting matters.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date) |
| 02/20/2025 | Date of filing of the Schedule 13G |
Keywords
WORK Medical Technology Group LTD, LWY GROUP LTD, Baiming Yu, Schedule 13G, beneficial ownership, ordinary shares, shareholding, SEC filing, medical technology
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