Ming Tian, a major owner of LF Capital Acquisition Corp. and a director of the company, has just filed an initial statement of beneficial ownership where 33,057,303 shares of LF Capital Acquisition Corp. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Tian. Tian operates out of Newport Beach, CA. Some additional info was provided as follows:
These shares are beneficially owned by Landsea Holdings Corporation ("Landsea Holdings"), which is 100% indirectly owned by Landsea Green Properties Co. Ltd, of which Ming Tian indirectly beneficially owns approximately 57.8% through his interest in Easycorps Group Limited ("Easycorps"), Greenshield Corporation ("Greenshield"), and Landsea International Holdings Limited ("Landsea International"). Easycorps is wholly-owned by Mr. Tian, and Greenshield is wholly-owned by Landsea International, which in turn is wholly-owned by Landsea Group Co., Ltd., of which Mr. Tian is the controlling shareholder. (continue to footnote 2)
(continue from footnote 1) Mr. Tian may be deemed to have beneficial ownership of the shares held by Landsea Holdings. Mr. Tian disclaims beneficial ownership of the shares held by Landsea Holdings, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not otherwise be deemed an admission that Mr. Tian is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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