M&A / Property
Early Warning Disclosure - Ownership Exceeding 10%

ELL · Price
Executive Summary
- WWB Holding Ltd. and Bin Wang acquired 3,857,000 common shares of Everybody Loves Languages Corp. (≈10.82% of outstanding shares).
- The Acquiror has requisitioned a special shareholders’ meeting to consider reconstituting the Board of Directors amid regulatory scrutiny of ELL’s governance, disclosures, and valuation.
- The Acquiror cautions against any change‑of‑control or privatization transaction at $0.085 per share, indicating potential opposition to proposed deals.
Key Details
- Acquisition: 3,857,000 common shares purchased on the open market for investment purposes, representing ~10.82% of ELL’s issued and outstanding common shares.
- Regulatory Oversight: Ontario Securities Commission (OSC), TSX Venture Exchange, and Chartered Professional Accountants are reviewing complaints concerning:
- Board authority to execute a Business Combination or change‑of‑control transaction.
- Adequacy of insiders’ share ownership disclosure.
- Accuracy/completeness of financial statements and asset valuations.
- Shareholder Requisition: Formal request submitted to ELL’s Board to call a special meeting of shareholders under applicable corporate law, aimed at reconstituting the Board.
- Privatization Stance: The Acquiror warns that any transaction to privatize ELL at $0.085 per share should be approached with heightened caution and reserves rights to oppose transactions not reflecting intrinsic value.
Notable Quotes
- “We are closely monitoring matters relating to corporate governance, shareholder rights, and the integrity of the Company's public disclosure.” – Bin Wang, on behalf of WWB Holding Ltd.
- “Any transaction involving a change of control or the proposed privatization of ELL at $0.085 per share should be approached with heightened caution.” – Bin Wang
This release is for informational purposes only and does not constitute an offer to purchase or sell securities.
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Apr 09, 2026 · 21:30