LEO Joins Forces with Cardinal UK to Expand Logistics Services Globally

Leo Global Logistics Public Company Limited (LEO) announced that its joint venture with Cardinal Maritime UK, Cardinal Maritime (Thailand) Co., Ltd., was successfully registered with the Department of Business Development, Ministry of Commerce on August 30, 2021.

Cardinal Maritime (Thailand) is established with an objective to do the international logistics services and international freight forwarding services between Thailand, UK, North Europe and all over the world. The registered capital of the joint venture was 10,000,000 million baht, which are divided into 100,000 common shares, par value of 100 baht per share. LEO owns 51% and Cardinal Maritime UK owns 49%.

LEO expects Cardinal Maritime (Thailand) to create synergy and joint collaboration with Cardinal Maritime UK to expand and increase business in the UK and North Europe market. Cardinal Maritime UK has expertise and huge customers based and regularly imports products from Thailand which will increase the volume of business and number of customers to the company.