E U Holdings Pte. Ltd. beneficially owns 41.49% of JBDI Holdings through 3,947,910 Ordinary Shares and is identified with activist intent. The shares were pledged to secure a $4,850,000 note bearing 6.50% annual interest, with principal, interest and other charges due October 9, 2026.

Key Highlights

  • EUG Investment Limited directly holds the 3,947,910 Ordinary Shares associated with the stake.
  • E U Holdings controls 99% of EUG Investment Limited, while Ng Eng Guan and Neo Chin Heng each control 50% of E U Holdings.
  • A $4,850,000 secured Promissory Note carries 6.50% annual interest and is due October 9, 2026.

E U Holdings Pte. Ltd. beneficially owns 41.49% of JBDI Holdings Ltd (NASDAQ: JBDI), representing 3,947,910 Ordinary Shares. E U Holdings has sole voting and dispositive authority over the shares held through EUG Investment Limited. The position is tied to a secured financing arrangement. E U Holdings issued a $4,850,000 promissory note to Mega Spirit Holdings Limited on September 7, 2026, with interest set at 6.50% annually and all principal, interest and other charges due October 9, 2026.

Control Behind The Stake

EUG Investment Limited directly holds 3,947,910 Ordinary Shares of JBDI Holdings. E U Holdings beneficially owns the same number and has sole power over voting and disposition because it controls 99% of EUG Investment Limited. E U Holdings is an investment holding vehicle incorporated in Singapore, with its Business address at 34 Gul Crescent, Singapore, Singapore, 629,538. Ng Eng Guan and Neo Chin Heng are both directors of E U Holdings. Each controls 50% of its Equity interests, giving each shared voting and dispositive authority over the JBDI Holdings shares held through EUG Investment Limited.

Activist Ownership Structure

The ownership percentage applies to EUG Investment Limited, E U Holdings, Ng Eng Guan and Neo Chin Heng, with each listed at 41.49% beneficial ownership. Ng Eng Guan and Neo Chin Heng are shown with shared voting and dispositive power over the same holding.

Pledged Shares And Note

The September 7 transaction added a secured promissory note between E U Holdings and Mega Spirit Holdings Limited, described as an independent third-party lender. The note’s principal is $4,850,000 and accrues interest at 6.50% per year until it is fully paid. E U Holdings also entered into a stock pledge agreement covering the JBDI Holdings shares. The lender has rights over the pledged shares following an event of default under that agreement. Principal, interest and other charges under the note are due on October 9, 2026.