---
title: "DELWARO MARKETS LTD. — Ownership Dossier"
canonical: https://whiteintel.dev/entity/fb31c9bd-c2f6-5873-9b4e-90c2aa16eae4
json: https://whiteintel.dev/api/public/dossier/fb31c9bd-c2f6-5873-9b4e-90c2aa16eae4
identifier: icij:icijol-10116889
jurisdiction: HK
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# DELWARO MARKETS LTD.

**Type:** Company  
**Jurisdiction:** HK  
**Identifier:** `icij:icijol-10116889`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/fb31c9bd-c2f6-5873-9b4e-90c2aa16eae4  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/fb31c9bd-c2f6-5873-9b4e-90c2aa16eae4  

## Ownership & control

### Owners / controllers

- **PASCAL PHAM** (shareholder of) — https://whiteintel.dev/entity/e77f57d3-672e-5110-acdb-ce86f8408c67

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

1. **PASCAL PHAM** — shareholder of → *DELWARO MARKETS LTD.*

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/10116889

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **DELWARO MARKETS LTD.**. Human view: https://whiteintel.dev/entity/fb31c9bd-c2f6-5873-9b4e-90c2aa16eae4 · Structured JSON: https://whiteintel.dev/api/public/dossier/fb31c9bd-c2f6-5873-9b4e-90c2aa16eae4._

_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"._