Globavend Holdings Limited (NASDAQ: GVH) announced a change in its controlling shareholder and senior management following the acquisition by Central Master Enterprises Limited of shares representing approximately 97.7% of the company’s voting power. The transaction, completed April 29, 2026, positions the company to leverage its new ownership’s corporate finance expertise and global connections to pursue mergers and acquisitions and expand into new business lines.
Alongside the ownership change, the company has appointed Kai Man Fung as chairman, while Wai Yiu Yau remains chief executive officer. The new leadership structure is expected to guide Globavend through a period of strategic growth. For full details, the press release is available at https://ibn.fm/WkEO3.
Globavend Holdings Limited, an emerging e-commerce logistics provider, offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand. The company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions. As an e-commerce logistics provider, Globavend delivers integrated cross-border logistics services from Hong Kong to Australia and New Zealand. It provides customers with a comprehensive solution, encompassing pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery. More information is available at https://globavend.com/.
The change in control comes as Globavend seeks to capitalize on new opportunities in the e-commerce logistics sector. The company’s existing operations in key Asia-Pacific markets provide a solid foundation for expansion. With the backing of Central Master Enterprises, Globavend is expected to pursue strategic acquisitions and enter new business lines to enhance its competitive position.
This announcement follows the resignation of Yuen Chun Wong as executive director, effective immediately. The company has not disclosed further details about the terms of the acquisition or the specific plans for growth under the new ownership. However, the appointment of Kai Man Fung, who brings corporate finance expertise, signals a focus on financial strategy and deal-making.
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