Vantage Corp's Subsidiary Signs Non-Binding LOI to Acquire a Singapore-Based Shipbroking Firm
Vantage Corp (NYSE:VNTG) ("Vantage" or the "Company"), a shipbroking company providing comprehensive services including brokerage, consultancy, and operational support in the tanker market, today announced that its wholly owned holding subsidiary, Vantage (BVI) Corporation, has signed a non-binding Letter of Intent ("LOI") to acquire a Singapore-based exempt private company engaged in shipbroking services.
The planned acquisition represents a key step in Vantage's strategy to broaden its footprint in the maritime sector and enhance its service offerings in vital Southeast Asian markets. This initiative underscores the Company's commitment to scaling its operational capabilities by investing in talent and expanding the reach of its shipbroking services through strategically targeted inorganic growth.
"We are excited to partner with a respected Singapore-based shipbroking firm whose core mission, vision, and values closely align with ours, creating clear synergies for future growth," said Vantage Corp CEO Andresian D'Rozario. "Apart from boosting sales, acquiring top tier talent, among a myriad of other benefits, this acquisition further fuels the Vantage footprint in Singapore, which is a necessary primer as we aim to scale within Southeast Asia and globally. Looking ahead, we intend to acquire world-class shipbroking firms that are accretive to our company and will ultimately maximize shareholder value."
The LOI outlines a framework for the potential acquisition of the Singapore-based company, subject to the completion of customary due diligence, regulatory approvals, and the execution of definitive agreements. In line with Vantage (BVI) Corporation's confidentiality obligations, further details will be disclosed upon finalization of definitive agreements.
About Vantage Corp
Founded in 2012 by five seasoned shipbrokers, Vantage Corp provides comprehensive shipbroking services, including operational support and consultancy services, in the tanker markets, covering clean petroleum products ("CPP") and petrochemicals, dirty petroleum products ("DPP"), biofuels and vegetable oils. Vantage Corp also has a sales & projects team, a research/strategy team and an IT team. Vantage over the years has emerged as a trusted intermediary and a pivotal ink between oil companies, traders, shipowners, and commercial managers, ensuring smooth logistical flow for cargo deliveries to timely demurrage and claims settlements. Through its 100%-owned subsidiary Vantage (BVI) Corporation, Vantage Corp operates a growing network of regional subsidiaries, including Vantage Shipbrokers Pte Ltd (Singapore) and Vantage Nexus Commercial Brokers Co., L.L.C (UAE). Vantage Corp was listed on the New York Stock Exchange in 12 June 2025. For more information, visit https://www.vantageshipbrokers.com/.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate", "estimate", "expect", "project", "plan", "intend", "believe", "may", "will", "should", "can have", "likely" and other words and terms of similar meaning. Forward-looking statements represent Vantage's current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
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Investor Relations
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
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