ModuLink Inc (MDLK)

[Brysh]

I think the Chairman’s private company (Zenith) is fronting the initial costs here. They likely own/lease the Luna Cat factory since Zenith already owns multiple factories in that region.

The filings back this up: The latest 10-Q shows ModuLink shares a $1.9M banking facility directly with the Chairman’s private company.

Their businesses are closely intertwined—the Chairman isn't just the landlord; he’s effectively the bank.


In the latest 10-Q (Note 15), it explicitly lists a shared banking facility of up to $1.91 million granted to 'both the subsidiary and a related company wholly owned by Mr. Tam Hin Wah Anthony.'