Form 4: Director Lee Phui Lam Exits Bukit Jalil Global Acquisition 1 Ltd., No Longer Subject to Section 16 Reporting
SEC Form 4 Filing
Lee Phui Lam, a director of Bukit Jalil Global Acquisition 1 Ltd., files an exit Form 4, indicating they are no longer subject to Section 16 reporting requirements following the company's initial business combination.
Summary
- This Form 4 filing indicates that Lee Phui Lam is no longer serving as a director of Bukit Jalil Global Acquisition 1 Ltd. (BUJA).
- The filing is a voluntary 'Exit' Form 4.
- Lee Phui Lam is also no longer holding more than 10% of the issued and outstanding shares of BUJA.
- This change occurred after May 8, 2025, following the consummation of BUJA's initial business combination.
- The business combination was pursuant to the Business Combination Agreement dated August 5, 2024.
- As a result, Lee Phui Lam is no longer subject to Section 16 reporting requirements.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing indicating a change in insider status. It is neutral in tone and does not convey any particularly positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing reflects a change in insider status following a business combination, a common occurrence in the SPAC (Special Purpose Acquisition Company) market. It indicates a shift in the company's structure and potentially its strategic direction.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Lee Phui Lam | N/A | 05/08/2025 | Resignation following business combination |
Stakeholder Impact
- Shareholders may be interested in the change in director status and its potential impact on the company's governance and strategic direction.
Key Dates
| Date | Description |
|---|---|
| 08/05/2024 | Date of the Business Combination Agreement among BUJA, GIBO HOLDINGS LIMITED, GIBO Merger Sub 1 Limited, GIBO Merger Sub 2 Limited, and Global IBO Group Ltd. |
| 05/08/2025 | Date after which Lee Phui Lam is no longer serving as BUJA's Director or holding more than 10% of the issued and outstanding shares of BUJA. |
| 05/12/2025 | Date of the Form 4 filing. |
Keywords
Form 4, Section 16, Director, Shareholding, Business Combination, Bukit Jalil Global Acquisition 1 Ltd., BUJA, Lee Phui Lam
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