Globavend Holdings Announces MOU to Acquire Top Logistics, a Key One-stop Logistics Solutions Provider in Australia [Yahoo! Finance]
Globavend Holdings Limited (GVH)
Company Research
Source: Yahoo! Finance
PERTH, AUSTRALIA, May 29, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the “ Company ” or “ Globavend ”), an emerging e-commerce logistics provider, today announced it has entered into a non-binding Memorandum of Understanding (“ MOU ”) to make an equity investment in Top Logistics Australia Pty Ltd (“ Top Logistics ”), a key one stop logistics solutions provider in Australia. Under the MOU, the Company would make an equity investment in Top Logistics on fulfillment and/or waiver of certain conditions precedent to be set out in the definitive agreement, which is subject to a further and ongoing discussions and due diligence. Top Logistics is a full-service logistics provider headquartered in Sydney with a very strong presence in Australia, having warehouses in Sydney, Melbourne and Brisbane with space over 15,000 square metres. It specializes in sea & air freight, import, customs clearance, cargo-deconsolidation, packing and fulfillment, transport and logistic
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