27/08/2026
FAST Logistics Group, the Philippinesโ leading provider of integrated third-party logistics (3PL) solutions, has announced the completion of the acquisition by the Chiongbian Family, through WLC Holdings Inc., of the 40% stake previously held by Asia Seal Pte Limited.
Asia Seal is majority owned by CVC Capital Partners Asia Pacific IV L.P., a fund managed by CVC Capital Partners.
With the completion of the transaction, the Chiongbian Family has regained full ownership of FAST, marking an important new chapter for one of the Philippinesโ leading integrated logistics and supply chain solutions providers.
Building on the stronger platform established over the past several years, FAST will focus on further strengthening and consolidating its nationwide platform while selectively investing in logistics and supply chain infrastructure, technology and automation, and a more sustainable and efficient network.
The Group also sees significant opportunities to strengthen food and agricultural supply chains, helping improve how products move from sources of production to markets and consumers across the country.
These initiatives reflect the Chiongbian Familyโs long-term conviction in the continued modernization of the Philippine supply chain and its commitment to position FAST for its next stage of sustainable growth.
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