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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