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Eastern International (NASDAQ:ELOG) said its subsidiary Suzhou TC-Link began providing offshore project logistics for Guangdong Goldwind in late October and launched the Yangjiang Project to transport wind turbines and Model 266/16200 blades from Yangjiang and Sheyang bases.
As of Oct 31, 2025 the company reported cumulative revenues of RMB 22.87 million and RMB 22.32 million from two Jiangsu offshore projects (combined >RMB 45 million, unaudited), supporting a combined installation capacity exceeding 1.6 GW. Projects involve transportation and installation of ultra-long blades up to 110 meters and are expected to be completed by the end of 2025.
Eastern International (NASDAQ: ELOG) completed the 100% acquisition of Guizhou Minji on October 27, 2025, making Guizhou Minji an indirectly wholly owned subsidiary.
Guizhou Minji brings China's Grade II qualifications for power engineering, steel structure, and power transmission/ transformation, enabling Eastern International to undertake power generation projects ≤200 MW, transmission up to 220 KV, 10 KV distribution networks, and >90% of conventional steel structure projects. Management says the deal expands services into construction, equipment installation, and new-energy engineering to pursue new revenue streams and higher margins.
Eastern International (NASDAQ:ELOG) has successfully completed its initial public offering (IPO), raising $6.4 million through the sale of 1.6 million ordinary shares at $4.00 per share. The company, which specializes in domestic and cross-border professional logistics services, began trading on the Nasdaq Capital Market on August 28, 2025.
Maxim Group LLC served as the sole book-running manager and has been granted a 45-day option to purchase up to 240,000 additional shares at the offering price, less underwriting discounts. The IPO was conducted under the company's Registration Statement on Form F-1, which received SEC approval on August 27, 2025.
Eastern International (NASDAQ:ELOG) has announced the pricing of its Initial Public Offering (IPO) at $4.00 per share. The company plans to offer 1,600,000 ordinary shares with expected gross proceeds of $6.4 million before deducting underwriting costs and expenses.
The China-based logistics services provider has granted Maxim Group LLC, the sole Book-Running manager, a 45-day option to purchase up to 240,000 additional shares. Trading is set to commence on the Nasdaq Capital Market on August 28, 2025, with the offering expected to close on August 29, 2025.
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