v3.26.1
ORGANIZATION AND PRINCIPAL ACTIVITIES
12 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

 

New Century Logistics (BVI) Limited was incorporated in the British Virgin Islands (“BVI”). The Company conducts its primary operations of provision of freight forwarding and ancillary logistics services in Hong Kong through its principal subsidiaries that are incorporated and domiciled in Hong Kong.

 

Initial Public Offering

 

On December 18, 2024, the Company was listed following the completion of the share offering. The Company began trading under the ticker symbol “NCEW” on this date. On December 19, 2024, the Company closed its initial public offering to 1,500,000 Class A Ordinary Shares. The Offering was conducted on a firm commitment basis, with no over-allotment exercised by the Underwriters as of December 19, 2024. After deducting certain underwriting expenses, the Company received net proceeds of US$4,983,761.

 

Details of the Company and its subsidiaries (the “Company”) are set out in the table as follows:

 

    Date of   Percentage of effective ownership   Place of    
Name   incorporation   2024   2025   incorporation   Principal activities
New Century Logistics (BVI) Limited   April 24, 2019   Parent   Parent   BVI   Investment holdings
                     

Top Wise International Limited

  January 3, 2025   N/A  

100%

(Direct)

  Hong Kong   Inactive
                     
New Century Logistics Company Limited   July 31, 2002  

100%

(Direct)

 

100%

(Direct)

  Hong Kong   Provision of freight forwarding and ancillary logistics services
                     

NCL USA Development Company Limited

  January 22, 2025   N/A  

100%

(Direct)

  USA   Inactive
                     
NCEW Investment Consultancy Limited (formerly known as GLF Cargo Services Limited)   August 15, 2016  

100%

(Indirect)

 

100%

(Indirect)

  Hong Kong   Provision of consultancy services
                     
Win-Tec Transportation Company Limited   June 28, 2005  

100%

(Indirect)

 

100%

(Indirect)

  Hong Kong   Provision of warehousing and distribution, X-ray, gate charge and palletization services
                     

Sky Prime Films Production Limited

  June 8, 2016   N/A  

100%

(Indirect)

  Hong Kong   Dormant
                     

Easy Affinity Credit Limited

  December 21, 2015   N/A  

100%

(Indirect)

  Hong Kong   Inactive
                     
NCEW PayConnect Limited   June 19, 2025   N/A  

51%

(Indirect)

  Hong Kong   Inactive