CEO Albert Wong Discloses 39.9% Beneficial Ownership, Solidifying Control
ELOG sits 17% above its 52-week low of $0.8 on light trading volume (0.1× avg).
Summary
CEO Albert Wong has disclosed a beneficial ownership of 39.9% of ordinary shares, including convertible preferred shares, reinforcing his significant control over the company.
Key Events · Ownership and Investor Activity · ELOG
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CEO's Beneficial Ownership
Albert Wong, CEO and Chairman, beneficially owns 5,446,000 ordinary shares, representing 39.9% of the company's outstanding ordinary shares (assuming conversion of 1,000,000 preferred shares).
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Recent Stock Award
Mr. Wong received a stock award of 180,000 ordinary shares on March 31, 2026, valued at approximately $169,020 based on today's stock price. This follows the 6-K filing on April 3, 2026, which reported a broader grant.
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Significant Voting Power
Mr. Wong also owns 1,000,000 preferred shares, each carrying 10 votes at general meetings, further enhancing his control.
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Controlled Entity Holdings
Eastern Worldwide Logistics Group Inc., 70% owned by Mr. Wong, holds an additional 4,266,000 ordinary shares, representing 34.2% of the class.
Analysis · ELOG · Energy & Transportation
This Schedule 13D filing clarifies that CEO and Chairman Albert Wong beneficially owns 39.9% of Eastern International Ltd.'s ordinary shares, including a recent stock award and convertible preferred shares. This substantial ownership stake, combined with his control over Eastern Worldwide Logistics Group Inc., indicates a high degree of insider control and alignment with the company's long-term interests. Investors should note the concentrated ownership structure and the enhanced voting power of the preferred shares.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ELOG was trading at $0.94 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $11.3M. The 52-week trading range was $0.80 to $3.60. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.