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LBC acquires remittance, cargo firms abroad

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LBC Express Holdings, Inc. has acquired remittance and cargo companies based in Singapore and Australia with the goal of upping its global revenue.

In a disclosure on Thursday, the listed company said its board of directors gave the green light on Wednesday to buy LBC Australia PTY Ltd., LBC Money Transfer PTY Ltd., LBC Express Airfreight (S) PTE LTD, and LBC Aircargo (S) PTE LTD.

“The acquisition is expected to benefit the Company by contributing to its global revenue stream,” it added. — Denise A. Valdez





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