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Eastern Intl. (ELOG) insiders hold 35.5% and 40.5% stakes

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(Neutral)
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Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Eastern International Ltd. Schedule 13G discloses beneficial ownership by Eastern Worldwide Logistics Group Inc. (4,266,000 ordinary shares, 35.5%) and by Albert Wong (5,266,000 ordinary shares, 40.5%), based on 12,017,000 shares outstanding as of December 31, 2025. The filing states Mr. Wong owns all 1,000,000 outstanding preferred shares, each convertible into one ordinary share and carrying 10 votes at general meetings. The filing is made jointly and cites holdings before the issuer's IPO completed in August 2025.

Positive

  • None.

Negative

  • None.

Insights

Major holders and voting power are concentrated through an entity and an executive.

Eastern Worldwide Logistics Group Inc. is shown with 35.5% of ordinary shares (4,266,000) and Mr. Albert Wong with 40.5% (5,266,000) based on 12,017,000 shares outstanding as of December 31, 2025. The record ties Mr. Wong to both direct preferred ownership and majority interest in the Samoa entity.

Concentration matters for control and shareholder votes; subsequent filings may disclose changes in conversion or voting that affect outcomes at general meetings.

Filing documents beneficial ownership and conversion rights tied to preferred shares.

The schedule states Mr. Wong holds 1,000,000 preferred shares, each convertible into one ordinary share and carrying 10 votes, and notes a conversion contingency referenced for percentage calculations within 60 days. The reporting persons executed a Joint Filing Agreement (Exhibit 99.1).

Legal attention should focus on the voting math and conversion mechanics as disclosed; timing and exercise decisions will determine future percentages.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: (1) the percentage ownership interest in row (11) is determined based on a total of 12,017,000 ordinary shares of the Issuer outstanding as of December 31, 2025; and (2) 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.


SCHEDULE 13G




Comment for Type of Reporting Person: (1) the percentage ownership interest in row 11 is determined based on (i) a total of 12,017,000 ordinary shares of the Issuer outstanding as of December 31, 2025 and (ii) if the holder converts 1,000,000 preferred shares to 1,000,000 ordinary shares in 60 days; (2) 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. Mr. Albert Wong also owns all of the 1,000,000 outstanding preferred shares of the Issuer. Each preferred share has 10 votes at general meetings of the shareholders of the Issuer as reflected in row 5 and each preferred share is convertible into one Ordinary Share at any time at the option of the holder.


SCHEDULE 13G



Eastern Worldwide Logistics Group Inc.
Signature:/s/ Albert Wong
Name/Title:Albert Wong
Date:02/26/2026
Albert Wong
Signature:/s/ Albert Wong
Name/Title:Albert Wong
Date:02/26/2026
Exhibit Information

99.1: Joint Filing Agreement, dated as of February 26, 2026, by and among Eastern Worldwide Logistics Group Inc. and Albert Wong.

FAQ

Who are the reporting persons in ELOG's Schedule 13G?

Eastern Worldwide Logistics Group Inc. and Albert Wong are the reporting persons, filing jointly under a Joint Filing Agreement dated February 26, 2026. The filing attributes ownership and voting details for each reporting person as disclosed.

How many shares does Eastern Worldwide Logistics Group Inc. beneficially own in ELOG?

Eastern Worldwide Logistics Group Inc. beneficially owns 4,266,000 ordinary shares, representing 35.5% of the class based on 12,017,000 shares outstanding as of December 31, 2025 as stated in the filing.

What total ownership does Albert Wong report in ELOG?

Albert Wong reports beneficial ownership of 5,266,000 ordinary shares, shown as 40.5% of the class based on 12,017,000 shares outstanding as of December 31, 2025. The calculation assumes a potential conversion of preferred shares.

What preferred share rights are disclosed in the filing?

There are 1,000,000 outstanding preferred shares owned by Mr. Wong; each is convertible into one ordinary share and carries 10 votes at general meetings. The filing ties conversion assumptions to the percent calculations.

What share count is used to compute percentages in the Schedule 13G?

The filing uses 12,017,000 ordinary shares outstanding as of December 31, 2025 to determine percentage ownership for the reported holders and conversion scenarios.
Eastern International Ltd.

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