SLGB News & Events

Smart Logistics Global Limited announced it has established a Northern Supply Chain Center in Xuzhou, Jiangsu Province, China, expanding its B2B logistics network in China. The Company intends to use the new center to integrate modern warehousing, less-than-truckload transportation, and digital systems to serve clients in bulk industrial materials. It features advanced Transportation Management System and a new-energy vehicle fleet for efficient, low-carbon operations in the Northern market.

Hue Kwok Chiu, Chief Executive Officer and Chairman of the Company, stated, "This is a very exciting time for us, given this is our first financial report since becoming a publicly traded company. I want to thank our dedicated employees and partners for their efforts which contributed to our top and bottom line growth and increasing our profit margins. We are focusing our efforts on growing our contract logistics business by selecting the good truckers and trucks for our customers and establishing steady and reciprocal relationships with truckers through repeated transactions with us through our suppliers. The number of truckers registered in our TMS increased from approximately 130,000 in December 2024 to over 140,000 now and we continue to expand."

Smart Logistics Global opened at $5.40 earlier after its 1M share IPO priced at $5.00 per share. The deal priced at the low end of its $5.00-$6.00 range. Craft Capital and Revere acted as joint book running managers for the offering. Smart Logistics is a Hong Kong-based business-to-business contract logistics solution provider.