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The latest update is out from New Century Logistics (BVI) Ltd. ( (NCEW) ).
On June 4, 2025, New Century Logistics (BVI) Limited announced its entry into a Letter of Intent to acquire 51% of Asiatic Logistics Limited, a move aimed at enhancing its presence in Asia and advancing its global logistics ecosystem. This acquisition is expected to significantly boost New Century’s ‘last mile’ services in Asia, leveraging Asiatic’s local network and e-commerce freight capabilities in Japan and Southeast Asia. The integration will create a seamless ‘Asia-Europe-Middle East’ logistics corridor and designate Japan as a strategic hub, enhancing New Century’s market reach and operational efficiency. The acquisition underscores New Century’s strategic upgrade from framework cooperation to equity binding with Asiatic, aiming to build a deep collaborative ecology and strengthen its position as a leader in the global logistics industry.
More about New Century Logistics (BVI) Ltd.
New Century Logistics (BVI) Limited is an international freight forwarding company and logistics service provider. It assists clients in importing and exporting goods, primarily through air freight export shipments to regions such as North America, Europe, and Asia. The company offers services including cargo space sales, cargo pick-up, air cargo security screening, palletization, shipping documentation preparation, customs clearance, and cargo handling at ports.
Average Trading Volume: 950,289
Current Market Cap: $22.57M
See more insights into NCEW stock on TipRanks’ Stock Analysis page.