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Eastern International Ltd. Announces Closing of $6.4 Million Initial Public Offering
Globenewswire· 2025-08-29 19:27
Core Viewpoint - Eastern International Ltd. has successfully completed its initial public offering (IPO) by selling 1,600,000 ordinary shares at a price of $4.00 per share, raising gross proceeds of $6.4 million before expenses [1][3]. Company Overview - Eastern International Ltd. is a holding company incorporated in the Cayman Islands, providing domestic and cross-border professional logistic services through its wholly owned subsidiary, Suzhou TC-Link Logistics Co., Ltd. [6] - Suzhou TC-Link was established in 2006 and has obtained the ISO 9001 certificate for high-quality service, operating a network that covers key cities in mainland China, Hong Kong, Southeast Asia, and Central Asia [6]. IPO Details - The shares began trading on the Nasdaq Capital Market under the symbol "ELOG" on August 28, 2025 [2]. - The company has granted Maxim Group LLC a 45-day option to purchase an additional 240,000 shares at the offering price, representing 15% of the shares sold in the offering [2]. - Maxim Group LLC acted as the sole book-running manager for the offering, with FisherBroyles, LLP and Hunter Taubman Fischer & Li LLC serving as legal counsel [3]. Financial Information - The total gross proceeds from the offering amounted to $6.4 million, prior to deducting underwriting discounts and other related expenses [3]. - The offering was conducted under the company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 27, 2025 [4].
SSCP Lager Bidco AB (publ) – Interim report for second quarter 2025
Globenewswire· 2025-08-29 06:30
Company Overview - SSCP Lager BidCo AB (publ) has published its interim report for the second quarter of 2025, covering the period from April 1 to June 30, 2025 [1] - The company operates under the Logent Group, which is a comprehensive and independent logistics partner with a Nordic base and global networks [3] - Logent has achieved a turnover of approximately SEK 2.3 billion since its inception in 2006 and employs around 2,800 people [3] Services Offered - Logent provides a wide range of logistics services, including Warehouse Management, Transport Management, Customs, Port and Combined Terminals, Staffing Services, and Consulting Services [3] - The company focuses on creating value for customers through guaranteed cost and quality improvements [3] Financial Reporting - The interim report can be accessed on the company's website or through a provided link, indicating transparency and accessibility of financial information [1]
Eastern International Ltd. Announces Pricing of $6.4 Million Initial Public Offering
Globenewswire· 2025-08-28 00:00
Company Overview - Eastern International Ltd. is a provider of domestic and cross-border professional logistic services, including project logistic and general logistic for clients [6] - The company operates through its wholly owned subsidiary, Suzhou TC-Link Logistics Co., Ltd., which was established in 2006 and has a network covering key cities in mainland China, Hong Kong, Southeast Asia, and Central Asia [6] Offering Details - Eastern International announced a public offering of 1,600,000 ordinary shares priced at $4.00 per share, with expected gross proceeds of approximately $6.4 million if the over-allotment option is not exercised [1][2] - The company has granted Maxim Group LLC a 45-day option to purchase an additional 240,000 shares at the initial public offering price [2] - The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "ELOG" on August 28, 2025, with the offering expected to close on August 29, 2025 [3] Regulatory Information - The offering is conducted pursuant to the Company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 27, 2025 [4]
Greystone Logistics, Inc. - Schedule of Events Regarding Earnings for the Twelve Months Ended May 31, 2025
Globenewswire· 2025-08-27 13:00
TULSA, Okla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- (OTCQB:GLGI). Tulsa-based Greystone Logistics, Inc. has scheduled a release of earnings for the year ending May 31, 2025. Greystone will provide a teleconference on Tuesday, September 2, 2025, at 2:00 PM ET, hosted by Warren Kruger, President and CEO, with a presentation of earnings, discussion of operations and Q&A. Dial-in information is Toll-Free Number, 888-999-6281, or Direct or International Number, 848-280-6550. The conference ID is GREYSTONE. Q&A sessi ...
Uber Freight Appoints Rebecca Tinucci as Chief Executive Officer
GlobeNewswire News Room· 2025-08-12 15:00
"Uber Freight was born from my belief that logistics could be radically transformed through technology," said Lior Ron, founder, former CEO and now Chairman. "A decade later, we have made tremendous progress towards that vision, building the industry-leading end-to-end intelligent logistics company. Rebecca is a proven leader who brings strong operational chops, customer empathy, and platform thinking. I'm thrilled to support her as she takes the helm for Uber Freight's next chapter." Rebecca will take the ...
Hub (HUBG) - 2025 Q2 - Earnings Call Presentation
2025-07-31 21:00
Hub Group Overview - Hub Group is a leading supply chain solutions provider, offering Intermodal transportation and Logistics services[7] - The company's FY 2024 total revenue was $4 billion, with Intermodal & Transportation Solutions contributing 45% and Logistics contributing 55%[14] - In FY 2024, adjusted operating income was $157 million, with Intermodal & Transportation Solutions contributing 62% and Logistics contributing 38%[14] Q2 2025 Performance - Hub Group's Q2 2025 revenue was $906 million[33] - Adjusted diluted earnings per share (EPS) for Q2 2025 was $0.45[33] - Adjusted operating income for Q2 2025 was $37 million, representing 4.1% of revenue[33] - Intermodal & Transportation Solutions revenue in Q2 2025 was $528 million, with operating income of $14 million (2.7% of revenue)[40, 41] - Logistics revenue in Q2 2025 was $404 million, with adjusted operating income of $23 million (5.6% of revenue)[46, 47] Financial Position - As of June 30, 2025, Hub Group had a cash balance of $164 million[33, 54] - Net Debt/Adjusted EBITDA was 0.3x, well below the leverage target of 0.75 to 1.25x[33] 2025 Guidance - Hub Group projects 2025 revenue to be between $3.6 to $3.8 billion[67] - The company anticipates 2025 EPS to be between $1.80 to $2.05 per share[67]
MingZhu Logistics Plans to Partner with Muamau Mall to Jointly Explore the Vietnam and the U.S. Markets
Globenewswire· 2025-07-09 20:05
Core Viewpoint - MingZhu Logistics Holdings Limited has entered into a non-binding memorandum of understanding with Enextrend to enhance cross-border logistics and supply chain efficiency over a two-year term [1][2]. Group 1: Company Overview - MingZhu Logistics Holdings Limited, established in 2002 and headquartered in Shenzhen, China, is a professional trucking service provider with a focus on tailored logistics solutions [4]. - The company operates regional logistics terminals in Guangdong Province, utilizing a combination of self-owned and subcontracted fleets to deliver goods across China [4]. Group 2: Partnership Details - The strategic partnership aims to leverage the strengths of both companies, focusing on resource sharing and complementary advantages to enhance core competitiveness [2]. - MingZhu plans to provide Enextrend with efficient logistics services to support the growth of its e-commerce platform, Muamau Mall, which specializes in fashion and sports products [2][3]. - The cooperation is intended to reduce operating costs, improve efficiency, and enhance customer satisfaction while promoting market expansion and product innovation [2]. Group 3: Enextrend Overview - Enextrend, based in Ho Chi Minh City, Vietnam, operates the Muamau Mall, an emerging cross-border e-commerce platform that also serves markets in the United States [3]. - The platform focuses on providing competitive prices and efficient logistics to meet consumer demand for affordable goods and fast delivery [3].
Logent Group acquires HUB logistics Finland Oy and announces the intention to issue subsequent notes
Globenewswire· 2025-06-12 18:12
Group 1 - Logent Finland Bidco Oy, an indirect subsidiary of SSCP Lager BidCo AB, has agreed to acquire all shares of HUB logistics Finland Oy, with the acquisition expected to close on June 23, 2025, subject to customary conditions [1] - The acquisition aims to enhance Logent's service offerings and value delivery in the Finnish market and Northern Europe [4] - After the acquisition, Logent is projected to achieve pro forma Net Sales of approximately SEK 2.7 billion and Adj. EBITDA of around SEK 270 million by the first quarter of 2025 [5] Group 2 - Logent has mandated Nordea Bank Abp and Pareto Securities AS as joint bookrunners for a Subsequent Notes Issue, with an expected volume of SEK 200 million [2] - The net proceeds from the Subsequent Notes Issue will be used for the acquisition, transaction costs, and general corporate purposes, leading to an aggregate outstanding nominal amount of SEK 1,050 million under the notes loan [3] - The company reports a pro forma net debt position of approximately SEK 1,010 million after the acquisition [5] Group 3 - Logent is an independent logistics partner with a Nordic base, offering a wide range of services including warehouse design, transport management, and staffing services, achieving a turnover of about SEK 2.4 billion since its inception in 2006 [8]
NEW CENTURY LOGISTICS UNVEILS MAJOR MILESTONES FOR 2025
Prnewswire· 2025-06-04 15:14
Core Viewpoint - New Century Logistics is advancing its strategic initiatives in 2025 through partnerships, acquisitions, and innovative technology aimed at enhancing logistics efficiency and market presence. Group 1: Partnership with Soradynamics - New Century has formed a partnership with Soradynamics to develop the 'Micro-Hub System' for last-mile delivery in the U.S., addressing high delivery costs and labor shortages [1][3] - The Micro-Hub System integrates vehicle-mounted drone nests, automated battery swapping, and advanced cargo handling systems, aiming to reduce last-mile delivery costs by over 50% per kilometer and increase order processing capacity by more than 2.5 times [4][7] - The system's modular design allows for rapid deployment, making it accessible for small and medium-sized logistics companies [4][6] Group 2: Collaboration with Silk Way Airlines - New Century has signed a memorandum of understanding with Silk Way Airlines to enhance logistics capabilities in South China, focusing on air cargo and supply chain management [2][10] - The cooperation aims to explore digital and green logistics, with plans to launch customized air transport services for cross-border e-commerce and high-end manufacturing by Q3 2025 [11] - A joint working group will be established to expedite project implementation during the 12-month cooperation period [11] Group 3: Acquisition of Asiatic Logistics - New Century has proposed acquiring a 51% stake in Asiatic Logistics to strengthen its presence in Asia and develop a global logistics ecosystem [12] - The acquisition will enhance last-mile services in the growing e-commerce sector and create a seamless logistics corridor connecting Asia, Europe, and the Middle East [13][14] - Future plans post-acquisition include developing Japan as a strategic hub, launching expedited logistics services, and integrating digital enhancements for improved service efficiency [17][18]
SSCP Lager Bidco AB (publ) – Interim report for first quarter 2025
Globenewswire· 2025-05-27 12:00
Company Overview - SSCP Lager BidCo AB (publ) has published its interim report for the first quarter of 2025, covering the period from January 1 to March 31, 2025 [1] - Logent Group, the company under SSCP Lager BidCo AB, operates as a comprehensive and independent logistics partner with a Nordic base and global networks [3] - Logent has achieved a turnover of approximately SEK 2.3 billion since its inception in 2006 and currently employs around 2,800 people [3] Financial Information - The interim report for Q1 2025 is available for download on the company's website [1] - The report is part of the company's obligations under the EU Market Abuse Regulation and Swedish financial regulations [2][4]