Eastern International completes Guizhou Minji deal at $102,883
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Eastern International Ltd. (ELOG) completed an acquisition. On October 27, 2025, its wholly owned subsidiary, Hangzhou TC-Link Logistics Supply Chain Management Co., Ltd., closed the purchase of 100% of Guizhou Minji Construction Engineering Co., Ltd. for RMB 730,000 (approximately $102,883). The Agreement was signed on October 22, 2025, with payment to the sellers conditioned on satisfactory due diligence and completion of the local share transfer process, which has now occurred. A press release announcing the transaction was furnished as Exhibit 99.1.
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FAQ
What did Eastern International (ELOG) announce in this 6-K?
It completed the purchase of 100% of Guizhou Minji Construction Engineering Co., Ltd. via its subsidiary.
What was the purchase price for Guizhou Minji?
RMB 730,000 (approximately $102,883).
When were the key deal milestones?
The Agreement was signed on October 22, 2025, and the share transfer was completed on October 27, 2025.
Who are the sellers of Guizhou Minji?
Mr. Nan Luo (60% shareholder) and Mr. Wei Chen (40%).
What conditions governed payment of the purchase price?
Payment to the sellers was conditioned on satisfactory due diligence and completion of the share transfer with the local authority.
Which subsidiary executed the acquisition?
Hangzhou TC-Link Logistics Supply Chain Management Co., Ltd., a wholly owned subsidiary of Eastern International Ltd.
Did the company issue a press release about the deal?
Yes, a press release was furnished as Exhibit 99.1.