Swift Haulage Berhad (KLSE:SWIFT) and Hartamas Mentari Sdn. Bhd. entered into an agreement to acquire 30% stake in Global Vision Logistics Sdn. Bhd. from Aspen Vision Properties Sdn. Bhd. for MYR 32.9 million on March 24, 2023. As a part of the deal, Swift Haulage Berhad will acquire an additional 17.5% and Hartamas Mentari Sdn. Bhd. will acquire an additional 12.5% in Global Vision Logistics. The consideration shall be satisfied via internally generated funds. The deal is expected to be completed within five months from the Agreement execution date. The proceeds arising from the Proposed Divestment will be utilized for the general working capital of Aspen. As of June 23, 2023, parties have mutually agreed to extend the Conditional Period to 22 July 2023 with an automatic extension of another thirty days, in order to allow more time for Aspen Vision Properties to obtain the Approval.

Swift Haulage Berhad (KLSE:SWIFT) and Hartamas Mentari Sdn. Bhd. completed the acquisition of 30% stake in Global Vision Logistics Sdn. Bhd. from Aspen Vision Properties Sdn. Bhd. on August 2, 2023.