eCargo Holdings Limited (ECG) announced the successful completion and financial closure of its transformational acquisition of 85% of Metcash Export Services Pty Limited which includes its subsidiary Metcash Asia Limited. As a result of the successful completion, Mr. Will Zhao, Metcash's current Head of China Operations based in Shanghai will be appointed CEO of ECG. Prior to joining Metcash in 2016, Mr. Zhao spent seven years with Goodman Group in Australia, New Zealand, Hong Kong and China.

Ms. Hai Yun Chen, Metcash's Head of China Export Development, will be appointed as ECG's Chief Product Officer based in Sydney. Ms. Chen has over thirteen years of sourcing experience at both Woolworths Limited and Metcash.