ON TIME Logistics Holdings Limited (stock code: 6123), an international freight forwarding and logistics service provider, has started trading on the main board of the Hong Kong stock exchange.
This brings the Hong Kong company to a new level of operations which now span 16 countries across Asia, the Netherlands and North America
On Time now aims to strengthen its presence in Asia and Middle East and expand North America extending geographical coverage and enhancing network synergies through acquisition.
The company also plans to offer more comprehensive contract logistics services through its offices in Shanghai, Shenzhen and Los Angeles.
While the bulk of On Time's activities involve garments, footwear and electronics, the firm has a broad customer base in retail and is well positioned to explore opportunities in e-commerce.
On Time's core businesses are air and ocean freight forwarding, complemented by general sales agency business and other services including warehousing, distribution, customs clearance, contract and ancillary logistics services.
Established in 1995 in Hong Kong, On Time is a growing international freight forwarding and logistics provider, serving multinational customers with cross-border logistics requirements.
On Time has 55 offices serviced by 1,000 employees. There are 44 offices in 13 Asian countries comprising Hong Kong, the mainland China, Cambodia, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, the UAE and Vietnam.
On Time is widely recognised in the logistics sector at the international level, having received awards from the World Cargo Alliance, and has been named Top Agent by Cathay Pacific Cargo/Dragonair every year since 2006.
The company has a broad customer base of 29,000. They come from a wide range of industries, but often cluster around garments, footwear and electronics, said a company statement.
Backed by its own information technology systems, On Time has developed freight operations, which embody an electronic data interchange among suppliers of air cargo space and customers.
On Time intends to carry out e-commerce operations in the second half and will have in place a dedicated team, experienced in e-commerce marketing, technical know-how and identifying products with good e-commerce potential.
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LOGISTICS
06 November 2014 - 21:12
Now Hong-Kong listed, On Time Logistics aims at global expansion
ON TIME Logistics Holdings Limited (stock code: 6123), an international freight forwarding and logistics service provider, has started trading on the main board of the Hong Kong stock exchange.
LOGISTICS
06 November 2014 - 21:12
Now Hong-Kong listed, On Time Logistics aims at global expansion
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