09:22 AM EDT, 05/29/2024 (MT Newswires) -- Globavend Holdings ( GVH ) said Wednesday that it has signed a non-binding memorandum of understanding to make an equity investment in Australian logistics company Top Logistics Australia.

Financial terms of the deal were not disclosed.

Shares of Globavend ( GVH ) soared nearly 90% in recent premarket activity.

Price: 2.2999, Change: +0.77, Percent Change: +50.32