Lianyi Holding Limited bought 1,034,483 iOThree Ordinary Shares for $900,000, creating a 34.12% beneficial ownership position. The stake matters to investors because Yu Chen is deemed to own those shares through control of Lianyi, while the disclosure states that no related proposals or agreements have been made.

Key Highlights

  • Lianyi Holding Limited paid $0.87 per Ordinary Share in the transaction.
  • Yu Chen funded the purchase with personal funds, with no borrowed money.
  • The reporting persons said they had made no proposals or related agreements covering specified corporate actions.

Lianyi Holding Limited holds 1,034,483 iOThree (NASDAQ: IOTR) Ordinary Shares, representing 34.12% beneficial ownership. The percentage is based on 3,032,199 issued and outstanding Ordinary Shares.

$900,000 Purchase

Lianyi Holding Limited acquired the Ordinary Shares at $0.87 per share, paying the aggregate price with Yu Chen’s personal funds. No part of the purchase was borrowed.

Yu Chen’s Indirect Ownership and Disclosed Information

The ownership position is held by Lianyi Holding Limited, which the statement identifies as a shipping services company incorporated under Hong Kong law. Yu Chen and Lianyi filed jointly, and each is listed with beneficial ownership of 1,034,483 Ordinary Shares and 34.12%. The reporting persons said they had made no proposals or entered into agreements connected with the specified matters described in the statement. They also said they had carried out no other transactions in iOThree securities during the past 60 days beyond the purchase described above.