Launch Partners

Monday, December 4, 2023

Launch Partners

Swift Haulage invests RM19.16 million (US$4.34 million) to increase equity stake in Global Vision Logistics to 42.5%

MALAYSIA: Logistics solutions provider Swift Haulage has increased its equity interest in Global Vision Logistics with the acquisition of a 17.5% stake in the latter from Aspen Vision Properties for a total purchase consideration of RM19.16 million (US$4.34 million), bringing the group’s ownership in the warehouse service provider to 42.5%, a bourse filing read.

ISFI previously reported that GVL had lodged its ASEAN Green SRI Sukuk Murabahah program worth up to RM1.5 billion (US$339.72 million) with the Securities Commission Malaysia’s Lodge and Launch Framework.

Related Articles


Please enter your comment!
Please enter your name here