Summary by Moomoo AI
Himanshu Shah, a director and 10% owner of Emeren Group Ltd, has filed an initial statement of beneficial ownership with the SEC, disclosing his stake in the company. According to the Form 3 filed, Shah directly owns 56,370 American Depositary Shares and indirectly controls 18,582,856 shares through Shah Capital Management. The filing, dated January 1, 2024, indicates Shah's significant investment in Emeren Group, with the indirect shares representing a substantial portion of his interest. The form, signed on behalf of Shah by Suzanne Wilson as Power of Attorney on January 2, 2024, is a standard requirement for individuals in Shah's position and is intended to provide transparency about the ownership stakes of company insiders.