{
  "schema_version": "1.0.0",
  "ticker": "BCK",
  "company_name": "Black Cat Syndicate Limited",
  "cutoff_date": "2026-10-09",
  "reviewed_at": "2026-10-09",
  "coverage_note": "2026 Annual Report lists its top 20 and share distribution as at 11 September 2026. It distinguishes registered holders (*) from CCASS participants (∆) and cautions that CCASS accounts may not reflect ultimate beneficial ownership. The distribution schedule totals 9,280,232,131; this is used as issued shares because it reconciles top-20 total plus balance.",
  "register": {
    "as_of_date": "2026-09-11",
    "issued_shares": 9280232131,
    "source_ids": [
      "register"
    ],
    "holders": [
      {
        "holder_id": "ocean-line-holdings-kwai-sze-hoi",
        "name": "Ocean Line Holdings/Kwai Sze Hoi",
        "classification": "direct_holder",
        "shares": 1864763275,
        "percentage": 20.09,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "kq-resources-limited",
        "name": "KQ Resources Limited",
        "classification": "direct_holder",
        "shares": 1301270318,
        "percentage": 14.02,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "ubs-securities-hong-kong-limited",
        "name": "UBS Securities Hong Kong Limited",
        "classification": "nominee_custodian",
        "shares": 1137981698,
        "percentage": 12.26,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "futu-securities-international",
        "name": "Futu Securities International",
        "classification": "nominee_custodian",
        "shares": 925836636,
        "percentage": 9.98,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "luk-kin-peter-joseph",
        "name": "Luk Kin Peter Joseph",
        "classification": "direct_holder",
        "shares": 531828276,
        "percentage": 5.73,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "industrial-and-commercial-bank-of-china",
        "name": "Industrial and Commercial Bank of China",
        "classification": "nominee_custodian",
        "shares": 523811034,
        "percentage": 5.64,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "everbright-securities-investment",
        "name": "Everbright Securities Investment",
        "classification": "nominee_custodian",
        "shares": 395920608,
        "percentage": 4.27,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "yunfeng-securities-limited",
        "name": "Yunfeng Securities Limited",
        "classification": "nominee_custodian",
        "shares": 333961512,
        "percentage": 3.6,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "citibank-n-a",
        "name": "Citibank N.A.",
        "classification": "nominee_custodian",
        "shares": 298851432,
        "percentage": 3.22,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "the-hong-kong-and-shanghai-bank",
        "name": "The Hong Kong and Shanghai Bank",
        "classification": "nominee_custodian",
        "shares": 287547784,
        "percentage": 3.1,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "boci-securities-limited",
        "name": "BOCI Securities Limited",
        "classification": "nominee_custodian",
        "shares": 223226200,
        "percentage": 2.41,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "longfellow-nominees-limited",
        "name": "Longfellow Nominees Limited",
        "classification": "nominee_custodian",
        "shares": 185079778,
        "percentage": 1.99,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "bnp-paribas",
        "name": "BNP Paribas",
        "classification": "nominee_custodian",
        "shares": 180021496,
        "percentage": 1.94,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "barwick-investments-limited",
        "name": "Barwick Investments Limited",
        "classification": "direct_holder",
        "shares": 174668000,
        "percentage": 1.88,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "guoyuan-securities-brokerage-hong-kong",
        "name": "Guoyuan Securities Brokerage (Hong Kong)",
        "classification": "nominee_custodian",
        "shares": 126469600,
        "percentage": 1.36,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "standard-chartered-bank-hong-kong-limited",
        "name": "Standard Chartered Bank (Hong Kong) Limited",
        "classification": "nominee_custodian",
        "shares": 110776863,
        "percentage": 1.19,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "kwai-sze-hoi",
        "name": "Kwai Sze Hoi",
        "classification": "direct_holder",
        "shares": 80000000,
        "percentage": 0.86,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "zhang-li",
        "name": "Zhang Li",
        "classification": "direct_holder",
        "shares": 80000000,
        "percentage": 0.86,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "icbc-asia-securities-limited",
        "name": "ICBC (Asia) Securities Limited",
        "classification": "nominee_custodian",
        "shares": 78340560,
        "percentage": 0.84,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      },
      {
        "holder_id": "dbs-bank-hong-kong-limited",
        "name": "DBS Bank (Hong Kong) Limited",
        "classification": "nominee_custodian",
        "shares": 77425420,
        "percentage": 0.83,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-09-11",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "register"
        ],
        "notes": []
      }
    ]
  },
  "substantial_holders": [],
  "sources": [
    {
      "source_id": "register",
      "title": "Annual Report to shareholders 2026",
      "publisher": "ASX announcement / Black Cat Syndicate Limited",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03136290-6A1344111",
      "publication_date": "2026-09-17",
      "accessed_date": "2026-10-09",
      "locator": "page 143, distribution and 20 largest security holders as at 11 September 2026, local copy downloads/BCK/2026/2026-09-17_Annual Report to shareholders_1cc1a2c2fa2ae6f4.pdf",
      "detail": "Table marks registrar accounts (*) and CCASS participant accounts (∆), and disclaims beneficial ownership attribution for CCASS positions."
    }
  ],
  "limitations": [
    "The annual report has an apparent 2,000,000-share mismatch: the distribution schedule and top-20 plus balance reconcile to 9,280,232,131, while the printed grand total says 9,282,232,131. The distribution schedule total is used.",
    "Many large lines are CCASS participants/custodians, and the issuer says their beneficial owners may differ."
  ]
}