Velox Shipping Discharges USD 447,860 for 98% Stake in ILA

Velox Shipping and Logistics Ltd has completed its investment in International Logistics Associates LLC (ILA) by discharging the entire consideration of USD 447,860. This acquisition, effective January 23, 2026, grants Velox Shipping a 98% stake in ILA. The move aims to expand Velox Shipping's business operations into international markets. ILA, based in the USA, is involved in freight contracting, shipping agency services, and other logistics activities. For the fiscal year ending March 31, 2026, ILA reported a turnover of USD 3,220,321 and a profit of USD (62,596). This transaction is a cash-based acquisition and does not involve related parties.