Globavend Holdings Ltd Files 20-F Annual Report
Ticker: GVH · Form: 20-F · Filed: Feb 12, 2025 · CIK: 1978527
| Field | Detail |
|---|---|
| Company | Globavend Holdings LTD (GVH) |
| Form Type | 20-F |
| Filed Date | Feb 12, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, sec-filing, transportation
TL;DR
Globavend Holdings Ltd dropped its 20-F, check financials for FY24.
AI Summary
Globavend Holdings Ltd filed its annual report for the period ending September 30, 2024. The company, incorporated in E9, operates in freight and cargo transportation. Its principal executive offices are located in Perth, Western Australia.
Why It Matters
This filing provides investors with a comprehensive overview of Globavend Holdings Ltd's financial performance and business operations for the fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: low — This is a standard annual filing (20-F) and does not contain immediate, high-impact news.
Key Numbers
- 2024-09-30 — Reporting Period End Date (The end date for the financial year covered by the 20-F filing.)
- 2025-02-12 — Filing Date (The date the 20-F report was officially submitted to the SEC.)
Key Players & Entities
- Globavend Holdings Ltd (company) — Filer of the 20-F report
- 0001978527 (company) — Central Index Key for Globavend Holdings Ltd
- Perth, WA (location) — Location of Globavend Holdings Ltd's business address
FAQ
What is the primary business of Globavend Holdings Ltd?
Globavend Holdings Ltd is primarily involved in the arrangement of transportation of freight and cargo, as indicated by its SIC code [4731].
Where is Globavend Holdings Ltd headquartered?
The company's business and mailing addresses are listed as Office 1401, Level 14, 197 St Georges Tce, Perth, WA, 6000.
What is the SEC file number for Globavend Holdings Ltd?
The SEC file number for Globavend Holdings Ltd is 001-41831.
What period does this 20-F filing cover?
This 20-F filing covers the period ending September 30, 2024.
When was this 20-F filing submitted?
This 20-F filing was submitted on February 12, 2025.
Filing Stats: 4,574 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2025-02-12 16:00:43
Key Financial Figures
- $0.001 — gistered Ordinary Shares, par value US$0.001 per share GVH The Nasdaq Stock Mark
Filing Documents
- form20-f.htm (20-F) — 1905KB
- ex4-7.htm (EX-4.7) — 80KB
- ex8-1.htm (EX-8.1) — 5KB
- ex12-1.htm (EX-12.1) — 10KB
- ex12-2.htm (EX-12.2) — 10KB
- ex13-1.htm (EX-13.1) — 4KB
- ex13-2.htm (EX-13.2) — 4KB
- image_001.jpg (GRAPHIC) — 63KB
- image_002.jpg (GRAPHIC) — 4KB
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- image_014.jpg (GRAPHIC) — 3KB
- image_015.jpg (GRAPHIC) — 3KB
- image_016.jpg (GRAPHIC) — 9KB
- 0001493152-25-006117.txt ( ) — 7741KB
- gvh-20240930.xsd (EX-101.SCH) — 51KB
- gvh-20240930_cal.xml (EX-101.CAL) — 74KB
- gvh-20240930_def.xml (EX-101.DEF) — 183KB
- gvh-20240930_lab.xml (EX-101.LAB) — 342KB
- gvh-20240930_pre.xml (EX-101.PRE) — 277KB
- form20-f_htm.xml (XML) — 1208KB
IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 5
OFFER STATISTICS AND EXPECTED TIMETABLE
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 5
KEY INFORMATION
ITEM 3. KEY INFORMATION 5
INFORMATION ON THE COMPANY
ITEM 4. INFORMATION ON THE COMPANY 35
UNRESOLVED STAFF COMMENTS
ITEM 4A. UNRESOLVED STAFF COMMENTS 35
OPERATING AND FINANCIAL REVIEW AND PROSPECTS
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 55
DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 72
MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 79
FINANCIAL INFORMATION
ITEM 8. FINANCIAL INFORMATION 81
THE OFFER AND LISTING
ITEM 9. THE OFFER AND LISTING 82
ADDITIONAL INFORMATION
ITEM 10. ADDITIONAL INFORMATION 82
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 98
DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 99 PART II 100
DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 100
MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 100
CONTROLS AND PROCEDURES
ITEM 15. CONTROLS AND PROCEDURES 100
[RESERVED]
ITEM 16. [RESERVED] 101
AUDIT COMMITTEE FINANCIAL EXPERT
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 101
CODE OF ETHICS
ITEM 16B. CODE OF ETHICS 101
PRINCIPAL ACCOUNTANT FEES AND SERVICES
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 102
EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 102
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 102
CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 102
CORPORATE GOVERNANCE
ITEM 16G. CORPORATE GOVERNANCE 102
MINE SAFETY DISCLOSURE
ITEM 16H. MINE SAFETY DISCLOSURE 102
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 102 PART III 102
FINANCIAL STATEMENTS
ITEM 17. FINANCIAL STATEMENTS 102
FINANCIAL STATEMENTS
ITEM 18. FINANCIAL STATEMENTS 102
EXHIBITS
ITEM 19. EXHIBITS 103
SIGNATURES
SIGNATURES 104 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 2 Table of Contents INTRODUCTION Unless otherwise indicated or the context otherwise requires, all information in this annual report reflects the following: "Articles" or "Articles of Association" are to the amended and restated articles of association of our Company (as amended from time to time) adopted on August 18, 2023, which took effect on November 8, 2023, and as amended, supplemented and/or otherwise modified from time to time; "AUD" or "A$" are to Australian dollar(s), the lawful currency of Australia; "BVI" are to the British Virgin Islands; "Companies Act" are to the Companies Act (as revised) of the Cayman Islands, as amended, supplemented or otherwise modified from time to time; "Company," "we," "us," and "Globavend Holdings" are to Globavend Holdings Limited, an exempted company incorporated in the Cayman Islands with limited liability on May 22, 2023; "Controlling Shareholder" are to Mr. Wai Yiu Yau, the ultimate beneficial owner of Ordinary Shares representing approximately 76.7% of the issued capital of the Company as of the date of this annual report. See " Item 6. Directors, Senior Management and Employees—E. Share Ownership" and "Item 7. Major Shareholders and Related Party Transactions – A. Major Shareholders" for more information; "COVID-19" are to the Coronavirus Disease 2019; "Exchange Act" are to the US Securities Exchange Act of 1934, as amended; "Globavend HK" are to Globavend (HK) Limited, a company incorporated under the laws of Hong Kong with limited liability, an indirect wholly owned subsidiary of Globavend Holdings and our sole operating subsidiary in Hong Kong; "Globavend BVI" are to Globavend Associates Limited, a BVI business company limited by shares incorporated in the BVI, a direct wholly owned subsidiary of Globavend Holdings; "HKD" or "HK$" are to Hong Kong dollar(s), the lawful currency of Hong Kong; "Hong Kong" are to Hong Kong
IDENTITY OF DIRECTORS, SENIOR
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.
OFFER STATISTICS AND EXPECTED
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.
KEY INFORMATION
ITEM 3. KEY INFORMATION A. Selected Financial Data The following table presents the selected consolidated financial information for our Company. Our historical results do not necessarily indicate results expected for any future periods. The selected consolidated financial data should be read in conjunction with, and are qualified in their entirety by reference to, our audited consolidated financial statements and related notes and "Item 5. Operating and Financial Review and Prospects" below. Our audited consolidated financial statements are prepared and presented in accordance with U.S. GAAP. The summary consolidated statements of operations and cash flow For the years ended September 30, 2022 2023 2024 Net cash provided by operating activities $ 783,045 $ 2,021,831 $ 326,089 Net cash used in investing activities (9,247 ) (7,455 ) (592,585 ) Net cash (used in) provided by financing activities (1,244,502 ) (2,017,979 ) 2,008,826 NET CHANGE IN CASH AND CASH EQUIVALENTS (470,704 (3,603 ) 1,742,330 CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,028,439 557,735 554,132 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 557,735 $ 554,132 $ 2,296,462 The summary consolidated balance sheet as at As of September 30, 2023 2024 Total Assets $ 4,474,778 $ 7,955,214 Total Liabilities $ (3,972,602 ) $ (2,785,688 ) Total shareholders' equity $ 502,176 $ 5,169,526 Our management believes that the assumptions underlying our financial statements and the above allocations are reasonable. Our financial a separate, stand-alone company during the periods presented. You should not view our historical results as an indicator of our future performance. The following table presents our summary consolidated statements of operations and comprehensive income for the fiscal years ended September 30, 2022, 202