Summary by Futu AI
On April 3, 2024, Samuel Wu, a Singaporean investor, completed the acquisition of a significant stake in ESGL Holdings Limited, a company listed on the Nasdaq Global Market under the symbol ESGL. Through a private placement agreement dated March 27, 2024, Wu purchased 10,000,000 ordinary shares at $0.25 per share, resulting in a total investment of $2,500,000. This transaction increased Wu's ownership to 43.48% of the company's issued and outstanding ordinary shares, as of April 12, 2024. The initial closing of the purchase occurred on March 28, 2024, with the acquisition of 2,000,000 shares, followed by the final closing on April 3, 2024, for the remaining 8,000,000 shares. Wu's substantial ownership stake may grant him influence over the company's corporate activities. However, aside from the private placement, Wu does not have any current plans or proposals that would result in significant corporate changes as outlined in Schedule 13D of the Securities Exchange Act of 1934.