Friday 16 November
Powered by Ajaxy
Jun 28, 2018 @ 20:50

LBC buys 4 more cargo firms


Logistics service provider LBC Express Holdings Inc. is acquiring four affiliate cargo companies in Australia, Singapore and Taiwan for $4.6 million.

In a stock exchange filing, LBC said its board approved the purchase of shares in LBC Australia Pty Ltd., LBC Money Transfer Pty, LBC Express Airfreight (S) Pte. and
LBC Aircargo (S) Pte.

LBC said the acquisition contribute to its global revenue stream.

Last March, the company bought four other US-based cargo and remittance firms for $8.55 million as part of its overseas expansion.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Philippines Air Asia has launched its Manila- Kaohsiung service.
US Attorney General Jeff Sessions accused Beijing Thursday of backing a scheme by Chinese and
China expressed "strong dissatisfaction" on Tuesday over US plans to sell a batch of military
Leading Filipino-owned remittance firm I-Remit Inc. reported a 12 percent rise in inward remittance in


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.