NVC INTL: Oneworld will transfer all issued share capital of Leap Gain to Veritas
NVC INTL announced that Oneworld will transfer all issued share capital of Leap Gain to Veritas, with the transfer date set for June 20, 2025. After the transfer, Leap Gain will no longer be indirectly controlled by Wang Dun, but will be indirectly held by Aegean Anstalt, which holds approximately 29.85% of the company's shares. This transfer is solely for family wealth planning purposes, and the board believes it will not have a significant impact on the company's control and management
According to the announcement from NVC INTL (02222), the company has been informed by Executive Director Mr. Wang Dun that on June 20, 2025, for the purpose of family wealth planning, Oneworld Legend Limited (“Oneworld”) will transfer all of the issued share capital of Leap Gain Limited (“Leap Gain”) to Veritas Holdings Limited (“Veritas”).
As of the date of this announcement, Leap Gain (through its wholly-owned subsidiary Tianpeng Capital Limited) indirectly holds 84.5456 million shares of the company, accounting for approximately 16.67% of the total issued share capital of the company. Following the transfer, according to information available to the directors, (1) Mr. Wang Dun will no longer indirectly control Leap Gain, which will be indirectly held by Aegean Anstalt (an entity established in Liechtenstein) (“Aegean Anstalt”); and Aegean Anstalt will indirectly own a total of 151 million shares, accounting for approximately 29.85% of the total issued share capital of the company.
According to information available to the directors, there are no other persons deemed to have control over Aegean Anstalt or to be in a position to exercise control under Part XV of the Securities and Futures Ordinance (i.e., no other persons control one-third or more of the voting rights at Aegean Anstalt's shareholders' meeting, and there are no other persons who regularly act in accordance with the instructions of Aegean Anstalt or its directors); and Aegean Anstalt was established in July 2023 solely for the purpose of wealth planning for the Wang family, with potential beneficiaries including Mr. Wang Dun, Mr. Wang Donglei (Chairman, Executive Director, and Mr. Wang Dun's father), and several other members of the Wang family.
The board of directors believes that the transfer conducted solely for family wealth arrangement purposes will not have any significant impact on the control and management of the company
