Eastern International sells 200,000 Series B preferred shares to CEO Albert Wong for US$200,000
ELOG•Private placement with CEO
Eastern International entered a private placement with Chairman and CEO Albert Wong to sell 200,000 Series B Preferred Shares.
- Sale price set at USD 1 per share for gross proceeds of USD 200,000.
- Each Series B Preferred Share carries 100 votes at shareholder meetings.
- Every two Series B Preferred Shares are convertible into one ordinary share at the holder’s option.
