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.
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