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Vantage Corp (NYSE:VNTG) ("Vantage" or the "Company"), a shipbroking company providing comprehensive services including brokerage, consultancy, and operational support in the tanker market, today announced that its wholly owned holding subsidiary, Vantage (BVI) Corporation, has signed a non-binding Letter of Intent ("LOI") to acquire a Singapore-based exempt private company engaged in shipbroking services.
The planned acquisition represents a key step in Vantage's strategy to broaden its footprint in the maritime sector and enhance its service offerings in vital Southeast Asian markets. This initiative underscores the Company's commitment to scaling its operational capabilities by investing in talent and expanding the reach of its shipbroking services through strategically targeted inorganic growth.\
The LOI outlines a framework for the potential acquisition of the Singapore-based company, subject to the completion of customary due diligence, regulatory approvals, and the execution of definitive agreements. In line with Vantage (BVI) Corporation's confidentiality obligations, further details will be disclosed upon finalization of definitive agreements.
Posted In: VNTG
