Globavend Holdings Limited announced it has received approval-in-principle for a non-dilutive government grant of up to $900,000 from a Hong Kong government administered business development fund.
This funding, provided by the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), is specifically earmarked to support Globavend's expansion into the lucrative China market.
Frank Yau, Chief Executive Officer, stated that this opportunity marks a significant milestone for the company's expansion into the Chinese market and will help scale operations without compromising its capital structure.
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