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$TIGR UP Fintech Holding Limited Latest Report: Ownership Insights

$TIGR
Form
Filed on: 2024-12-17
Source
$TIGR UP Fintech Holding Limited Latest Report: Ownership Insights

The extracted key information and insights from the provided financial report section (Schedule 13G) regarding UP Fintech Holding Limited are as follows:

General Information:

  • Issuer Name: UP Fintech Holding Limited
  • Title of Class of Securities: American Depositary Shares, each representing 15 Class A ordinary shares
  • CUSIP Number: 91531W106
  • Date of Event Requiring Filing: December 31, 2019

Reporting Persons:

  1. Tigerex Holding Limited
  • Citizenship/Place of Organization: British Virgin Islands
  • Sole Voting Power: 5,443,252 shares
  • Shared Voting Power: 0 shares
  • Sole Dispositive Power: 5,443,252 shares
  • Shared Dispositive Power: 0 shares
  • Aggregate Amount Beneficially Owned: 5,443,252 shares
  • Percent of Class Represented: 3.0%
  1. Binsen Tang
  • Citizenship: People's Republic of China
  • Sole Voting Power: 5,443,252 shares
  • Shared Voting Power: 0 shares
  • Sole Dispositive Power: 5,443,252 shares
  • Shared Dispositive Power: 0 shares
  • Aggregate Amount Beneficially Owned: 5,443,252 shares
  • Percent of Class Represented: 3.0%

Ownership Breakdown:

  • Both Tigerex Holding Limited and Binsen Tang have identical beneficial ownership regarding the shares.
  • Total shares beneficially owned by each of them is 5,443,252, representing 3.0% of the class based on 2,705,826,751 Class A ordinary shares outstanding as reported in UP Fintech’s Rule 424(b)(5) prospectus filed on October 23, 2024.

Additional Notes:

  • Both reporting persons have sole voting power and sole dispositive power over the same number of shares, indicating complete control over these shares.
  • There is no indication of shared voting or dispositive power, suggesting that the ownership is not part of a group that shares control.
  • The filing was made under Rule 13d-1(d), which indicates that it is a beneficial ownership report that is not part of a group.

Signatures:

  • The document is signed by Binsen Tang, who is identified as a director of Tigerex Holding Limited.

Conclusion:

This Schedule 13G filing provides detailed insights into the ownership structure of UP Fintech Holding Limited, particularly highlighting the significant control held by Tigerex Holding Limited and Binsen Tang over the company's securities. The 3.0% ownership stake, while not a controlling interest, is still notable in the context of corporate governance and shareholder influence.