Eastern International (ELOG) CEO Albert Wong details ordinary and preferred stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Eastern International Ltd. director and Chief Executive Officer Albert Wong has filed an initial Form 3 detailing his ownership stake in the company. He is identified as a director, officer, and more than 10% shareholder.
Through his 70% ownership of Eastern Worldwide Logistics Group Inc., a Samoa company, Mr. Wong is linked to that entity’s holding of 4,266,000 ordinary shares of Eastern International. He also personally owns 1,000,000 preferred shares, with each preferred share convertible into one ordinary share at any time at the holder’s option. This filing records existing holdings rather than a new share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wong Albert
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Preferred Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 2,986,200 shares (Indirect, See Note);
Preferred Shares — 1,000,000 shares (Direct)
Footnotes (1)
- Mr. Albert Wong, Chairman of the Board and Chief Executive Officer of the Issuer, is the 70% shareholder of Eastern Worldwide Logistics Group Inc. a Samoa company, which owns 4,266,000 ordinary shares of the Issuer. Mr. Albert Wong also owns 1,000,000 preferred shares of the Issuer and each preferred share is convertible into one Ordinary Share at any time at the option of the holder.
FAQ
What insider ownership does ELOG CEO Albert Wong report on Form 3?
Albert Wong reports indirect ties to 4,266,000 ordinary shares via Eastern Worldwide Logistics Group Inc. and direct ownership of 1,000,000 preferred shares. Each preferred share is convertible into one ordinary share at any time at the holder’s option.
Does the ELOG Form 3 show any recent insider buying or selling by Albert Wong?
The Form 3 functions as an initial statement of beneficial ownership and records existing holdings only. It does not report any specific buy or sell transactions, and transaction codes in the data are listed as unknown rather than explicit purchases or sales.
What roles does Albert Wong hold at Eastern International Ltd. (ELOG)?
Albert Wong is identified as Chairman of the Board and Chief Executive Officer of Eastern International Ltd., and is also flagged as a more than 10% shareholder. These positions are disclosed alongside his reported ordinary and preferred share interests in the Form 3.