EUG Investment Limited beneficially owns 3,947,910 JBDI Holdings ordinary shares, equal to 41.49% of the class, under an activist Schedule 13D position. The shares are tied to a $4,850,000.00 secured Promissory Note bearing 6.50% annual interest, with payment due October 9, 2026, giving the lender specified rights following default.

Key Highlights

  • E U Holdings Pte. Ltd. controls 99% of EUG Investment Limited’s Equity interests.
  • The secured promissory note carries 6.50% annual interest.
  • EUG Investment Limited beneficially owns 3,947,910 JBDI Holdings ordinary shares, equal to 41.49% of the class.

JBDI Holdings Ltd (NASDAQ: JBDI) has an activist beneficial ownership position covering 3,947,910 ordinary shares, or 41.49% of the class. EUG Investment Limited directly holds the shares and has sole voting and dispositive power over them. The position is reported under an activist Schedule 13D framework. The shares are connected to a secured promissory note issued by E U Holdings Pte. Ltd. to Mega Spirit Holdings Limited on September 7, 2026. The note has a principal amount of $4,850,000 and is supported by a stock pledge agreement involving the JBDI Holdings shares.

Control Behind The Stake

Ltd. holds and controls 99% of EUG Investment Limited. E U Holdings is an investment holding vehicle incorporated in Singapore. Ng Eng Guan and Neo Chin Heng each control 50% of E U Holdings. Both are directors of the investment holding vehicle. Their reported beneficial ownership is 3,947,910 shares each, representing 41.49% of JBDI Holdings’ ordinary-share class. Ng Eng Guan and Neo Chin Heng hold shared voting and dispositive power over the shares held through EUG Investment Limited. EUG Investment Limited and E U Holdings each report sole voting and dispositive power over 3,947,910 shares.

$4.85M Note Secures Shares

All principal, interest and other charges under the note are due on October 9, 2026. The stock pledge agreement was entered into on the same date as the note. The lender has rights concerning the pledged shares following an event of default under that agreement.

Activist Position And Ownership Powers

The reported ownership percentages for EUG Investment Limited, E U Holdings, Ng Eng Guan and Neo Chin Heng are each 41.49%. EUG Investment Limited directly holds the ordinary shares.