Albert Wong Holds 39.9% of Eastern International
On April 3, 2026, Albert Wong and Eastern Worldwide Logistics Group Inc. filed a Schedule 13D reporting a significant ownership stake in Eastern International Ltd. (ELOG). Albert Wong, the Issuer's CEO and Chairman, beneficially owns 5,446,000 ordinary shares, representing 39.9% of the company. This total includes 4,266,000 shares held by Eastern Worldwide Logistics Group Inc. (a Samoa company 70% owned by Wong), 180,000 ordinary shares granted as a stock award on March 31, 2026, and 1,000,000 ordinary shares issuable upon the conversion of 1,000,000 preferred shares held directly by Wong. The preferred shares also carry super-voting rights of 10 votes per share. The filing marks a major ownership position for Wong, who exercises sole voting and dispositive power over the reported shares. The reporting persons entered into a joint filing agreement on April 3, 2026, to coordinate this disclosure. The calculations are based on 12,457,000 ordinary shares outstanding as of April 1, 2026, adjusted for the assumed conversion of Wong's preferred shares.