www.insiderfinancial.com Open in urlscan Pro
34.249.200.254  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Facebook

Instagram

X/Twitter

Youtube

RSS Feed



GVH



‍




GLOBAVEND HOLDINGS ANNOUNCES MOU TO ACQUIRE TOP LOGISTICS, A KEY ONE-STOP
LOGISTICS SOLUTIONS PROVIDER IN AUSTRALIA



SPECIALIZING IN DIRECT INJECTION FROM HONG KONG & SOUTHERN CHINA TO AUSTRALIA
AND NEW ZEALAND


THE COMPANY’S REVENUES NEARLY DOUBLED FROM FY2021 TO 2022 — FROM USD $13.3M TO
$24M — BEFORE DROPPING A BIT TO $18.6M IN 2023


GVH’S GROSS PROFITS WENT FROM $984K IN 2021 TO $1.4M IN 2022 TO $1.9M IN 2023 —
NEARLY DOUBLING IN TWO YEARS

_____________________________

Hello Everyone,

We have another new profile for Mondays session that we want you to research.

This is a company that we have never profiled before on this newsletter.

Pull up GVH Immediately.

Globavend Holdings Limited is an emerging e-commerce logistics provider, that
formulates and implements integrated, end-to-end, cross-border logistics
solutions for their customers with the provision of air freight forwarding
services and related logistics services as their principal business. Their
business model principally involves the provision of (i) integrated cross-border
logistics services, which include air freight forwarding services offered as an
integral part thereof; and (ii) air freight forwarding services, offered as a
modularized logistics service segmented from our integrated cross-border
logistics services. Their logistics network covers Hong Kong and four cities in
Australia, namely Sydney, Melbourne, Brisbane, and Perth, as well as New
Zealand.

Their integrated cross-border logistics services is our dominant business
segment, which involve order processing, parcel consolidation, cross-border
transportation (primarily by way of air freight), and air freight forwarding,
followed by ground transportation and delivery at destination cities, together
with other value-added services. While traditional logistics services providers
typically provide fragmented logistics services and require customers to
coordinate with various service providers, they, as an integrated cross-border
logistics services provider, carry out the coordination with different players
in the logistics value chain, including warehousing, customs clearance, and air
freight or ground transportation services. This has effectively reduced the lead
time and hassle and greatly improved the efficiency in fulfilling service
orders. As an integral part of our integrated cross-border logistic services, we
have also developed our own proprietary all-in-one shipping solution, which was
modified by us internally on a shipping software purchased by us in 2019.

Their proprietary all-in-one shipping solution has been or can be connected to
the internal sales or booking systems of customers, as well as the carrier
management systems of the ground transportation carriers, to facilitate
effective logistics management, the details of which are explained. Their
services are provided primarily on a contract logistics basis, under which we
provide our enterprise customers with customized integrated logistics services
covering the entire delivery process.

Their services start by enterprise customers making errinstructions in their own
internal sales or booking systems, which integrate into their own proprietary
all-in-one shipping solution. Upon receipt of booking instructions, their
services start and cover from order origination to the final point of sale or
delivery without further efforts or coordination from customers. This service is
a customized one so as to fit a customer’s own business model, representing a
seamless combination of order processing, parcel consolidation, transportation,
and delivery. For customers engaging our services with agreed price quotations,
we can provide one-off or on-demand integrated cross-border logistics services.
Alternatively, customers can also request for our logistics services on a
modularized or one-off basis, i.e., they can request for any segment of our
logistics services within the integrated cross-border logistics solution on a
stand-alone basis. As part of our integrated cross-border logistics services,
they also provide related logistics services, which include the provision of
supporting transportation for freight forwarding purpose, storage of
consignment, labelling of consignments, other related logistic services for
freight forwarding purpose, freight management services via our proprietary
all-in-one shipping solution, and delivery at destination.

They engage (i) air freight carriers for the provision of cargo spaces, (ii)
supporting ground transportation companies for the ground transportation
services in Australia and New Zealand, (iii) customs clearance companies in
Australia and New Zealand for the preparation of freight documentation and
arrangement for customs clearance, and (iv) local delivery service providers for
dispatching and distributing our customers’ goods to their designated
destination in Australia and New Zealand. Their integrated cross-border
logistics services, together with their proprietary all-in-one shipping
solution, enable them to provide efficient and customer-oriented services. This
has resulted in their customers continuously engaging us for one-stop air
freight forwarding services and comprehensive logistic services, allowing us to
gradually build our customer base.


GLOBAVEND HOLDINGS ANNOUNCES MOU TO ACQUIRE TOP LOGISTICS, A KEY ONE-STOP
LOGISTICS SOLUTIONS PROVIDER IN AUSTRALIA

Strategic acquisition intended to enhance the company’s business presence in
Australia


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 logistics, as well as warehousing services.

Wai Yiu Yau, CEO of Globavend stated “The proposed transaction aligns with
Globavend’s strategy to solidify its business presence and expansion into
Australia. According to the 2024 Australian Post eCommerce Industry Report, 8 in
10 Australian households shopped online in 2023 and 9.5 million households in
Australia have received a parcel in 2023. Australian has spent AUD63.6 billion
(approximately US$42.4 billion) in 2023 in shopping online. Given the market
presence of Top Logistics has, we believe the proposed acquisition will further
boost our business performance and help our business to thrive in future.”

‍





NEWS

Globavend Holdings Announces MOU to Acquire Top Logistics, a Key One-stop
Logistics Solutions Provider in Australia3 days agoGlobavend Holdings Limited
Enters Into a US$20,000,000 Equity Line of Credit Facility to be Registered on
Form F-1Mar 18, 2024Globavend Holdings Limited Announces Closing of its Initial
Public OfferingNov 10, 2023Globavend Holdings Limited Announces Pricing of
Initial Public OfferingNov 7, 2023


MANAGEMENT



Mr. Wai Yiu Yau

Founder, Chairman of the Board and Chief Executive Officer

 * Over 15 years of experience in logistics industry
 * Prior positions include Regional Operations Manager (Asia Pacific) at DHL
   eCommerce Limited
 * Holds Bachelor of Science Degree in International Shipping Transport and
   Logistics and MBA from Hong Kong Polytechnic University and Chinese
   University of Hong Kong



Mr. Tsz Ngo Yu

Chief Financial Officer Appointee

 * Over 15 years of experience in finance, auditing, accounting, and corporate
   governance
 * Former audit manager at Deloitte Touche Tohmatsu
 * A member of the Certified Public Accountants Australia
 * A fellow member of the Hong Kong Institute of Certified Public Accountants
 * Holds Bachelor of Commerce Degree in Accounting and Finance and Master of
   Applied Finance from Monash University



Ms. San Man Leng

Independent Director Appointee and Chair of Audit Committee

 * Licensed CPA in California, member of American Institute of CPA.
 * Over 20 years of experience in accounting, auditing, business consulting, and
   corporate services.
 * Holds Bachelor of Arts degree in Business Economics from University of
   Southern California.



Mr. Ho Chuen Shin

Independent Director Appointee, Chair of Compensation Committee and Nomination
Committee

 * Solicitor of High Court in Hong Kong with over 8 years of corporate practice
   experience
 * Advises companies and sponsors in IPOs and post listing compliance
 * A member of the Certified Public Accountants Australia
 * Holds Bachelor of Laws Degree and Postgraduate Certificate in Laws from
   Chinese University of Hong Kong



Mr. Fan Cheung

Independent Director Appointee

 * Over 13 years of experience in logistics, including international business
   expansion and corporate governance
 * Served at S F Express (Hong Kong) Limited, Deputy Director of Financial
   Planning
 * Chartered Secretary and Chartered Governance Professional
 * Holds Bachelor of Social Science degree, Bachelor of Laws degree, and Master
   of Corporate Governance degree

‍

Sincerely,




DISCLAIMER

THIS WEBSITE/NEWSLETTER IS A PUBLICATION OF ONE22 MEDIA, LLC, HEREIN REFERRED TO
AS O22. O22’S REPORTS/RELEASES ARE A COMMERCIAL ADVERTISEMENT AND ARE FOR
GENERAL INFORMATIONAL PURPOSES ONLY.O22 IS ENGAGED IN THE BUSINESS OF MARKETING
AND ADVERTISING COMPANIES FOR MONETARY COMPENSATION.

O22 HAS BEEN COMPENSATED A FEE OF TEN THOUSAND USD BY A THIRD PARTY, SICA MEDIA,
LLC FOR A ONE DAY BNRG PROFILE.  

BY SUBSCRIBING TO OR OTHERWISE USING THIS WEBSITE/NEWSLETTER, YOU AGREE TO HOLD
O22 AND ITS OPERATORS, OWNERS, AND EMPLOYEES HARMLESS AND TO COMPLETELY RELEASE
THEM FROM ANY AND ALL LIABILITY DUE TO ANY AND ALL LOSS, DAMAGE, OR INJURY THAT
YOU MAY INCUR, MONETARY OR OTHERWISE.

INVESTING IN MICRO-CAP AND GROWTH SECURITIES IS HIGHLY SPECULATIVE AND CARRIES
AN EXTREMELY HIGH DEGREE OF RISK. NEVER INVEST IN ANY STOCK FEATURED ON O22’S
SITE OR NEWSLETTER UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. THE
DISCLAIMER IS TO BE READ AND FULLY UNDERSTOOD BEFORE USING O22’S SERVICES,
JOINING O22’S SITE OR EMAIL/BLOG LIST, OR FOLLOWING ANY SOCIAL NETWORKING
PLATFORMS O22 MAY USE.

PLEASE NOTE WELL: O22 IS NOT A REGISTERED INVESTMENT ADVISOR, BROKER DEALER OR A
MEMBER OF ANY ASSOCIATION FOR OTHER RESEARCH PROVIDERS IN ANY JURISDICTION
WHATSOEVER. O22 IS NOT AFFILIATED WITH ANY EXCHANGE, ELECTRONIC QUOTATION
SYSTEM, THE SECURITIES AND EXCHANGE COMMISSION, OR FINRA. NONE OF THE MATERIALS
OR ADVERTISEMENTS HEREIN CONSTITUTE OFFERS OR SOLICITATIONS TO PURCHASE OR SELL
SECURITIES OF THE COMPANIES PROFILED.

THE INFORMATION CONTAINED HEREIN IS BASED ON INFORMATION SUPPLIED BY THE
COMPANIES PROFILED, PUBLICLY AVAILABLE INFORMATION, PRESS RELEASES, AND OTHER
SOURCES WHICH O22 BELIEVES TO BE RELIABLE, BUT IS NOT GUARANTEED BY O22 AS BEING
ACCURATE AND DOES NOT PURPORT TO BE A COMPLETE STATEMENT OR SUMMARY OF THE
AVAILABLE DATA. O22 IS NOT RESPONSIBLE FOR ANY CLAIMS MADE BY THE COMPANIES
PROFILED. INVESTORS SHOULD NOT RELY ON THE INFORMATION CONTAINED IN THIS
WEBSITE/NEWSLETTER IN DECIDING TO INVEST OR MAKE OTHER FINANCIAL DECISIONS.
RATHER, INVESTORS SHOULD USE THE INFORMATION CONTAINED IN THIS
WEBSITE/NEWSLETTER AS A STARTING POINT FOR DOING ADDITIONAL INDEPENDENT RESEARCH
ON THE FEATURED COMPANIES. O22 STRONGLY ENCOURAGES READERS AND INVESTORS TO
CONDUCT A COMPLETE AND INDEPENDENT INVESTIGATION OF THE RESPECTIVE COMPANIES,
INCLUDING BY REVIEWING SEC FILINGS (FORMS 10-Q, 10-K, 8-K, 3, 4, 5, SCHEDULE
13D) AND BY CONSULTING YOUR OWN TAX, BUSINESS, FINANCIAL, AND INVESTMENT
ADVISORS.

THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES A SAFE HARBOR IN
REGARD TO FORWARD-LOOKING STATEMENTS. ANY STATEMENTS THAT EXPRESS OR INVOLVE
DISCUSSIONS WITH RESPECT TO PREDICTIONS, EXPECTATIONS, BELIEFS, PLANS,
PROJECTIONS, OBJECTIVES, GOALS, ASSUMPTIONS OR FUTURE EVENTS OR PERFORMANCE ARE
NOT STATEMENTS OF HISTORICAL FACT, AND MAY BE FORWARD-LOOKING STATEMENTS.
FORWARD-LOOKING STATEMENTS ARE BASED ON EXPECTATIONS, ESTIMATES, AND PROJECTIONS
AT THE TIME THE STATEMENTS ARE MADE THAT INVOLVE A NUMBER OF RISKS AND
UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS OR EVENTS TO DIFFER MATERIALLY
FROM THOSE PRESENTLY ANTICIPATED. FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED
THROUGH USE OF WORDS SUCH AS PROJECTS, FORESEES, EXPECTS, ANTICIPATES,
ESTIMATES, BELIEVES, UNDERSTANDS, MAY, COULD, OR MIGHT. THERE IS NO GUARANTEE
THAT PAST PERFORMANCE WILL BE INDICATIVE OF FUTURE RESULTS.

‍

‍


Company
HomeAbout UsAdvertisingContact Us
Articles
All ArticlesWriting StaffFeedback
Stay Connected

Facebook

Instagram

X

Youtube

RSS Feed

© 2024 Insider Financial. All rights reserved.
Privacy PolicyDisclaimer