---
title: "HSG HOLDINGS LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/eef3df86-bbfd-529c-bd33-131cea58381a
json: https://whiteintel.dev/api/public/dossier/eef3df86-bbfd-529c-bd33-131cea58381a
identifier: icij:icijol-55061243
jurisdiction: MT
risk: High
source: WhiteIntel corporate-ownership graph
---

# HSG HOLDINGS LIMITED

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55061243`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/eef3df86-bbfd-529c-bd33-131cea58381a  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/eef3df86-bbfd-529c-bd33-131cea58381a  

## Ownership & control

### Owners / controllers

- **ALAN BONNICI** (shareholder of) — https://whiteintel.dev/entity/89a09a53-8d6a-5cc7-b9d0-b86613de792a
- **MARIANNE BONNICI** (shareholder of) — https://whiteintel.dev/entity/158601af-a1af-59a1-910d-c323563c4a3e
- **HCS LIMITED** (shareholder of) — https://whiteintel.dev/entity/151ec5b4-a8bf-5546-927d-b1cdcbd7137d

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

A **13-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**8** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/55061243

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **HSG HOLDINGS LIMITED**. Human view: https://whiteintel.dev/entity/eef3df86-bbfd-529c-bd33-131cea58381a · Structured JSON: https://whiteintel.dev/api/public/dossier/eef3df86-bbfd-529c-bd33-131cea58381a._

_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"._