Pan-Global International (02516) announced that on January 3, 2025, the company's indirect wholly-owned subsidiary Ingrun Holdings Limited plans to acquire a total of 30% membership interest in Advanced Logistics Solutions LLC from Hi5s and Hard 8, at a cost of $635,318.4.

The target company serves as a supplier for the group in the USA, operating container freight stations and providing pickup, sorting, and warehousing services after packages arrive at US airports. The target company also provides customs clearance services in the USA for the group.

The announcement states that the group is an end-to-end cross-border logistics service provider headquartered in China, while the target company primarily provides pickup, sorting, and warehousing services after packages arrive at US airports. The Directors believe that the acquisition will enhance the group's efficiency, certainty, and cost control capabilities in customs clearance, sorting, and distribution in the USA.