Board Meeting Details
The Board of Directors meeting was held on Thursday, June 25, 2026, commencing at 12:00 PM and concluding at 1:20 PM.
Key Decision Approved
The Board considered and approved the incorporation of a wholly owned subsidiary in Hong Kong under the name "UNIVERSAL LOGISTICS HK LTD" or such other name as may be approved.
Investment Details
- Approved investment of up to HK$1,000,000 in the proposed subsidiary
- Investment may be made in one or more tranches
- Subject to applicable laws and regulatory approvals
Subsidiary Particulars
- Name: UNIVERSAL LOGISTICS HK LTD (proposed)
- Structure: Wholly Owned Subsidiary
- Location: Hong Kong
- Industry: Logistics, Freight Forwarding, Supply Chain Management and allied services
- Business Activities: Proposed to engage in logistics, freight forwarding, supply chain management and related activities
Purpose and Strategic Rationale
To expand the company's international presence and explore business opportunities in Hong Kong and nearby countries. To undertake logistics and related business activities.
Regulatory Approvals Required
Subject to approvals/filings required under:
- Foreign Exchange Management Act, 1999
- Overseas Investment Rules and Regulations
- Applicable laws in India and Hong Kong
Timeline for Completion
Up to 3 to 4 weeks for completion of the acquisition/incorporation process.
Financial Impact
The investment is expected to support long-term growth and international business expansion. No specific quantified financial impact disclosed beyond the investment amount.
Additional Information
The entity is yet to be incorporated, therefore details regarding date of incorporation and historical turnover are not applicable.