Eastern Intl. Schedule 13G: Major holders reported
Sentiment and the balance of points
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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.
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.
FAQ
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Who are the reporting persons in ELOG's Schedule 13G?
What total ownership does Albert Wong report in ELOG?
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