JWD Asia Holding Private Ltd. agreed to acquire 20.44% stake in Swift Haulage Berhad from Angka Dayamas Sdn Bhd, Kenanga Private Equity Sdn Bhd, Kumpulan Wang Persaraan, Persada Bina Sdn. Bhd. and Ng Chee Kin for approximately MYR 110 million.

Swift Haulage Berhad is a Malaysia-based company that is engaged in investment holding and the provision of integrated logistics services. The Company's segments include Container haulage, Land transportation, Warehousing and container depot, and Freight forwarding. The Container haulage segment is engaged in transporting laden containers to and from seaports and other locations within Peninsular Malaysia. The Land transportation segment is involved in the movement of cargo by road, comprising inland transportation and cross-border transportation. The Warehousing and container depot segment provides warehousing services such as storage, handling and managing customers' goods as well as value added services such as repacking, labelling and palletizing, rental of a warehouse and open yard area, and e-fulfilment services. The Freight forwarding segment organizes end-to-end transportation of cargo, including sea, air and land freight forwarding, in-plant logistics and ship husbandry.