---
title: "Gray Matter Inc. — Ownership Dossier"
canonical: https://whiteintel.dev/entity/3fe97ae8-8a28-5d07-bdbf-bef1c44db1c8
json: https://whiteintel.dev/api/public/dossier/3fe97ae8-8a28-5d07-bdbf-bef1c44db1c8
identifier: icij:icijol-175792
jurisdiction: WS
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# Gray Matter Inc.

**Type:** Company  
**Jurisdiction:** WS  
**Identifier:** `icij:icijol-175792`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/3fe97ae8-8a28-5d07-bdbf-bef1c44db1c8  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/3fe97ae8-8a28-5d07-bdbf-bef1c44db1c8  

## Ownership & control

### Owners / controllers

- **Sectra (Samoa) Limited** (secretary of) — https://whiteintel.dev/entity/570b412f-ec8a-5be1-92a1-d06bb6c222e4
- **SHIH, MIN-HSIUNG** (director of) — https://whiteintel.dev/entity/ac5148b6-fb0e-5ea4-949a-72641b5cb836
- **SHIH, MIN-HSIUNG** (shareholder of) — https://whiteintel.dev/entity/ac5148b6-fb0e-5ea4-949a-72641b5cb836
- **Portcullis TrustNet (Samoa) Limited** (shareholder of) — https://whiteintel.dev/entity/4be6a0d9-dbc6-5010-8e4f-af054f26fda9

### UBO chain (walk to the ultimate owner)

1. **Sectra (Samoa) Limited** — secretary of → *Gray Matter Inc.*
1. **SHIH, MIN-HSIUNG** — director of → *Gray Matter Inc.*
1. **SHIH, MIN-HSIUNG** — shareholder of → *Gray Matter Inc.*
1. **Portcullis TrustNet (Samoa) Limited** — shareholder of → *Gray Matter Inc.*

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/175792

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **Gray Matter Inc.**. Human view: https://whiteintel.dev/entity/3fe97ae8-8a28-5d07-bdbf-bef1c44db1c8 · Structured JSON: https://whiteintel.dev/api/public/dossier/3fe97ae8-8a28-5d07-bdbf-bef1c44db1c8._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._