Vantage Corp Subsidiary to Acquire Three Shipbroking Firms to Expand China Presence

Reuters2025-12-10
Vantage Corp Subsidiary to Acquire Three Shipbroking Firms to Expand China Presence

Vantage Corp's wholly owned subsidiary, Vantage (BVI) Corporation, has entered into agreements to acquire 100% of the issued share capital of PJ Marine Singapore Pte. Ltd., as well as 60% of PJ Marine Shanghai Co., Ltd. and 60% of Peijun Marine Consultant Co., Limited. The total consideration for these acquisitions is approximately $3.6 million, to be settled entirely in cash in two installments. These transactions are expected to expand Vantage Corp's operational presence and network in the China market, particularly in the petrochemicals and sales & purchase (S&P) client segments. The acquisitions are anticipated to add around $3.5 million in annual revenue with a net profit margin of approximately 22.3%, based on fiscal 2024 results. Vantage Corp expects to close all three acquisitions by the end of the first quarter of 2026.

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