Globavend Receives Government Non-Dilutive Grant Funding Approval
Globavend Holdings (Nasdaq: GVH) has received approval-in-principle for up to $900,000 in non-dilutive grant funding from Hong Kong's BUD Fund. The grant, if approved, would support the e-commerce logistics provider's expansion into the Chinese market with no repayment obligations.
The Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) is a Hong Kong government initiative with approximately $770 million in funding to support local businesses in scaling operations, modernizing infrastructure, and expanding into new markets. The program specifically aims to help Hong Kong enterprises capitalize on opportunities from China's 12th Five-Year Plan.
CEO Frank Yau highlighted that Globavend has already established its model in Australia, New Zealand, and Hong Kong, with Australia emerging as a key logistics hub amid geopolitical tensions driving demand for alternative routes.
Globavend Holdings (Nasdaq: GVH) ha ricevuto un'approvazione di principio per un finanziamento a fondo perduto non diluitivo fino a 900.000 $ dal BUD Fund di Hong Kong. Il contributo, se confermato, sosterrà l'espansione del fornitore di logistica e-commerce nel mercato cinese senza obblighi di rimborso.
Il Fondo dedicato a Branding, Upgrading e Vendite Domestiche (BUD Fund) è un'iniziativa del governo di Hong Kong con circa 770 milioni di $ a disposizione per supportare le imprese locali nell'ampliamento delle operazioni, nella modernizzazione delle infrastrutture e nell'espansione verso nuovi mercati. Il programma mira in particolare ad aiutare le aziende di Hong Kong a sfruttare le opportunità derivanti dal 12° Piano Quinquennale della Cina.
Il CEO Frank Yau ha sottolineato che Globavend ha già consolidato il proprio modello in Australia, Nuova Zelanda e Hong Kong, con l'Australia che si sta affermando come un hub logistico chiave in un contesto di tensioni geopolitiche che aumentano la domanda di rotte alternative.
Globavend Holdings (Nasdaq: GVH) ha recibido una aprobación en principio para un financiamiento no dilutivo de hasta 900,000 $ del Fondo BUD de Hong Kong. La subvención, si se aprueba, apoyaría la expansión del proveedor de logística de comercio electrónico en el mercado chino sin obligaciones de reembolso.
El Fondo Dedicado a Branding, Actualización y Ventas Domésticas (BUD Fund) es una iniciativa del gobierno de Hong Kong con aproximadamente 770 millones de $ en fondos para apoyar a las empresas locales en la ampliación de operaciones, modernización de infraestructura y expansión hacia nuevos mercados. El programa apunta específicamente a ayudar a las empresas de Hong Kong a aprovechar las oportunidades del 12º Plan Quinquenal de China.
El CEO Frank Yau destacó que Globavend ya ha establecido su modelo en Australia, Nueva Zelanda y Hong Kong, siendo Australia un centro logístico clave en medio de tensiones geopolíticas que impulsan la demanda de rutas alternativas.
Globavend Holdings (나스닥: GVH)는 홍콩 BUD 펀드로부터 최대 90만 달러의 비희석성 보조금에 대한 원칙적 승인을 받았습니다. 이 보조금은 승인될 경우 전자상거래 물류 제공업체의 중국 시장 진출을 지원하며 상환 의무가 없습니다.
브랜딩, 업그레이드 및 국내 판매 전용 기금(BUD Fund)은 약 7억 7천만 달러의 자금을 보유한 홍콩 정부의 이니셔티브로, 현지 기업들이 운영 확장, 인프라 현대화 및 신시장 진출을 할 수 있도록 지원합니다. 이 프로그램은 특히 중국의 12차 5개년 계획에서 기회를 활용하도록 홍콩 기업들을 돕는 것을 목표로 합니다.
CEO 프랭크 야우는 Globavend가 이미 호주, 뉴질랜드, 홍콩에서 모델을 구축했으며, 지정학적 긴장으로 인해 대체 경로 수요가 증가하는 가운데 호주가 중요한 물류 허브로 부상하고 있다고 강조했습니다.
Globavend Holdings (Nasdaq : GVH) a reçu une approbation de principe pour un financement non dilutif pouvant aller jusqu'à 900 000 $ du Fonds BUD de Hong Kong. Cette subvention, si elle est approuvée, soutiendrait l'expansion du fournisseur logistique e-commerce sur le marché chinois sans obligation de remboursement.
Le Fonds dédié au Branding, à la Modernisation et aux Ventes Domestiques (BUD Fund) est une initiative du gouvernement de Hong Kong disposant d'environ 770 millions de $ pour aider les entreprises locales à développer leurs opérations, moderniser leurs infrastructures et s'étendre vers de nouveaux marchés. Le programme vise spécifiquement à aider les entreprises hongkongaises à saisir les opportunités offertes par le 12e Plan quinquennal de la Chine.
Le PDG Frank Yau a souligné que Globavend a déjà établi son modèle en Australie, en Nouvelle-Zélande et à Hong Kong, l'Australie devenant un hub logistique clé dans un contexte de tensions géopolitiques qui stimulent la demande de routes alternatives.
Globavend Holdings (Nasdaq: GVH) hat eine grundsätzliche Genehmigung für eine nicht verwässernde Förderzusage von bis zu 900.000 $ vom BUD-Fonds Hongkongs erhalten. Der Zuschuss würde, sofern genehmigt, die Expansion des E-Commerce-Logistikanbieters auf den chinesischen Markt unterstützen, ohne Rückzahlungsverpflichtungen.
Der Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) ist eine Initiative der Regierung von Hongkong mit rund 770 Millionen $ an Mitteln, um lokale Unternehmen beim Ausbau ihrer Tätigkeiten, der Modernisierung der Infrastruktur und der Erschließung neuer Märkte zu fördern. Das Programm zielt speziell darauf ab, Hongkonger Unternehmen zu helfen, Chancen aus Chinas 12. Fünfjahresplan zu nutzen.
CEO Frank Yau betonte, dass Globavend sein Modell bereits in Australien, Neuseeland und Hongkong etabliert hat, wobei Australien als wichtiger Logistik-Hub hervorsticht, da geopolitische Spannungen die Nachfrage nach alternativen Routen antreiben.
- Potential receipt of $900,000 non-dilutive grant funding with no repayment obligations
- Access to funding without impacting capital structure or diluting shareholders
- Strategic expansion opportunity into the large Chinese market
- Final grant approval still pending - only received approval-in-principle
Approval-in-Principle Received For Up To
Directly Support Globavend’s Expansion into the China Market
PERTH, AUSTRALIA, April 28, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, today announced that it has received approval-in-principle from a Hong Kong government administered business development grant. If approved, eligible companies may receive up to
The approval-in-principle was given by the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), from the Government of Hong Kong, which was set up to support local businesses in scaling up their operations, modernizing infrastructure, and expanding into new markets. This funding program is to assist Hong Kong enterprise to capture the opportunities arising from China’s 12th Five-Year Plan. The Hong Kong Government has injected approximately US
“The opportunity to quickly expand into the Chinese market marks a significant milestone for Globavend,” said Frank Yau, Chief Executive Officer. “We’re confident in our eligibility for funding and eager to use it to accelerate our expansion. We’ve already proven our model in Australia, New Zealand, and Hong Kong,” Yau added. “Adding China to that mix is a natural progression. With geopolitical tensions driving demand for alternative routes, Australia is emerging as a key logistics hub. Access to non-dilutive funding from the BUD Fund will help us scale without compromising our capital structure.”
About Globavend Holdings Limited
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.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 20-F for the year ended September 30, 2024, which is on file with the SEC and are available on our investor relations website at https://globavend.com/ and on the SEC website at www.sec.gov., as well as the subsequent Current Reports on Form 6-K or other filings with the SEC. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We undertake no duty to update this information unless required by law.
For investor and media inquiries, please contact:
Company Info:
Globavend Holdings Limited
Wai Yiu Yau, Chairman and CEO
project@globavend.com (61) 8 6141 3263
FAQ
How much grant funding has GVH been approved for by the Hong Kong government?
What markets does Globavend (GVH) currently operate in?
Will the BUD Fund grant require repayment from GVH?
How will GVH use the Hong Kong government grant funding?
What is the total size of Hong Kong's BUD Fund supporting GVH's expansion?
