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Hot Stocks
MingZhu enters into share purchase agreement to acquire Cheyi for $29M » 07:26
12/29/21
12/29
07:26
12/29/21
07:26
YGMZ

MingZhu Logistics

$1.79 /

-0.095 (-5.05%)

MingZhu Logistics…

MingZhu Logistics announced that it entered into a Share Purchase Agreement, SPA, on December 29, 2021 to acquire 100% of the equity interest of Cheyi which operates its business through its subsidiary Zhejiang CheYi Network Technology, an integrated online car-hailing and driver management services company. Pursuant to the agreement, the total consideration for the acquisition of 100% equity ownership of Cheyi BVI is an aggregate of $29,466,032, consisting of the issuance by the company to the shareholders of Cheyi BVI an aggregate of 3,189,000 fully paid Company's ordinary shares and payment of $2M at closing, and Year-2021 earnout payment of $8,826,019 and Year-2022 earnout payment of $5,884,013 if the Cheyi BVI's audited net income for its fiscal year 2021 and 2022 is no less than $3M respectively. The parties plan to close the transaction by December 31, 2021. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, "The company is a perfect fit and brings an impressive integrated platform featuring all the support and services drivers need. This immediately broadens our portfolio and will serve as a centerpiece of our continued diversification strategy. Our priority remains unchanged. We are focused on accelerating our growth strategy by strategically deploying capital in both organic and inorganic opportunities, as we unlock MingZhu's potential and greater value for shareholders."

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YGMZ MingZhu Logistics
$1.79 /

-0.095 (-5.05%)

Over a quarter ago
Hot Stocks
MingZhu Logistics announces MOU to acquire interest in Xinjiang Feipeng » 08:09
10/12/21
10/12
08:09
10/12/21
08:09
YGMZ

MingZhu Logistics

$3.00 /

-0.05 (-1.64%)

MingZhu Logistics…

MingZhu Logistics Holdings announced that it has entered into a non-binding memorandum of understanding, or MOU, to acquire the controlling interest of Xinjiang Feipeng Logistics, a services provider of slack coal transportation for the "first and last mile" by road-railway intermodal system in Xinjiang. The acquisition will provide customers a link between the first and last mile between slack coal mines and essential railroads. The Company expects the higher efficiency, lower cost intermodal transport services model will set a new standard for future transport. Upon completion, the acquisition will effectively increase MingZhu's capacity by approximately 5 times of its current capacity approximately 1,000 trucks. The integration between the two companies will focus on serving Xinjiang's fast-growing rail cargo transportation, as companies work to meet high demand levels related to the reopened global economy. The MOU is non-binding and there is no assurance that the transaction will be completed on the terms described above or at all.

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YGMZ MingZhu Logistics
$3.00 /

-0.05 (-1.64%)

Hot Stocks
MingZhu Logistics enters into non-binding MOU with Damo Electric Truck » 08:02
07/26/21
07/26
08:02
07/26/21
08:02
YGMZ

MingZhu Logistics

$3.86 /

-0.17 (-4.22%)

MingZhu Logistics…

MingZhu Logistics Holdings announced it has entered into a non-binding memorandum of understanding, or MOU, with Damo Electric Truck. Under the MOU, Mingzhu will set up a joint venture with DAMO and DAMO will transfer its operating business and all IP it has developed or is currently developing into the JV. MingZhu plans to deploy the next-gen trucks into its expansive existing network, including coal transportation and container transportation within the Yantian International Container Terminals, one of the busiest container terminals in the world. DAMO Electric Truck is a developer dedicated to developing zero-emission automated truck equipped with a single charge range of up to 2,000 km and combined with AI, 5G, automated driving technology, battery technology and micro-turbine generator technology.

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YGMZ MingZhu Logistics
$3.86 /

-0.17 (-4.22%)

Hot Stocks
MingZhu Logistics announces MOU to acquire interest in Zhejiang CheYi » 16:01
07/06/21
07/06
16:01
07/06/21
16:01
YGMZ

MingZhu Logistics

$4.67 /

+0.1 (+2.19%)

MingZhu Logistics…

MingZhu Logistics Holdings announced it has entered into a non-binding memorandum of understanding, or MOU, to acquire controlling equity interest of Zhejiang CheYi Network Technology, an integrated online car-hailing and driver management services company. The acquisition offers MingZhu's customers additional platform enhancements, and directly fits with MingZhu's acquisition strategy, which includes adding financially accretive, best-of-breed companies and products. Completion of the proposed acquisition transaction is subject to further due diligence by the parties and negotiation and execution of definitive documents, including a share exchange or similar agreements, and the determination of a definitive price and other related documentation to complete the transaction. The MOU is non-binding and there is no assurance that the transaction will be completed on the terms described above or at all.

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YGMZ MingZhu Logistics
$4.67 /

+0.1 (+2.19%)

Hot Stocks
MingZhu Logistics regains compliance with Nasdaq listing rules » 16:01
06/29/21
06/29
16:01
06/29/21
16:01
YGMZ

MingZhu Logistics

$4.36 /

-0.14 (-3.11%)

MingZhu Logistics…

MingZhu Logistics Holdings announced that on June 29 it received notification from The Nasdaq Stock Market confirming the Company has regained compliance with the periodic filing requirement for NASDAQ under Listing Rule 5250. NASDAQ noted this matter is now closed.

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YGMZ MingZhu Logistics
$4.36 /

-0.14 (-3.11%)

Hot Stocks
MingZhu Logistics notified of deficiency in annual report filing by Nasdaq » 16:01
05/19/21
05/19
16:01
05/19/21
16:01
YGMZ

MingZhu Logistics

$4.71 /

+0.12 (+2.61%)

MingZhu Logistics has…

MingZhu Logistics has received a notice of non-compliance from Nasdaq stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2020, MingZhu is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of Mingzhu's shares on the Nasdaq. The company has 60 calendar days from the date of the notice to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the company can be granted up to 180 calendar days from the Form 20-F's due date, or until November 15, 2021, to regain compliance. MingZhu expects to file its Form 20-F or submit a plan to regain compliance within the timeline prescribed by Nasdaq.

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YGMZ MingZhu Logistics
$4.71 /

+0.12 (+2.61%)

Hot Stocks
MingZhu Logistics announces change in auditor » 16:05
05/17/21
05/17
16:05
05/17/21
16:05
YGMZ

MingZhu Logistics

$4.32 /

+0.07 (+1.65%)

MingZhu Logistics…

MingZhu Logistics Holdings Limited announced its Audit Committee has dismissed Friedman LLP as the company's independent auditor and engaged Singapore-based Audit Alliance LLP, as its new independent auditor, effective today. The company's Audit Committee reached its decision to engage Audit Alliance as the new independent registered public accounting firm of the company after thorough evaluation and with the concurrence of the board. There have been no disagreements between Friedman and the company on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures that would have caused Friedman to make reference to the subject matter of the disagreement in connection with its report on the company's consolidated financial statements. In addition, the previous auditor's reports of Friedman on the company's consolidated financial statements did not contain any adverse opinion or a disclaimer of opinion, and none of those reports was qualified or modified as to uncertainty, audit scope, or accounting principles. In light of the change in its auditor, the company will not be filing its Form 20-F by its require filing date of May 17. The company expects to complete preparation of its financial statements and review them with the new auditors shortly and will complete its Form 20-F filing as soon as is practical.

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YGMZ MingZhu Logistics
$4.32 /

+0.07 (+1.65%)

Syndicate
MingZhu Logistics announces $20M registered direct offering of units » 09:16
03/10/21
03/10
09:16
03/10/21
09:16
YGMZ

MingZhu Logistics

$7.29 /

-0.59 (-7.49%)

MingZhu Logistics…

MingZhu Logistics announced that it entered into securities purchase agreements with certain institutional investors in connection with a registered direct offering of an aggregate of 3,333,335 units of its securities, with each Unit consisting of (i) one ordinary share of the company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share, for aggregate gross proceeds of $20M, before deducting the placement agent's fees and other estimated offering expenses. The Warrants will be exercisable six months after the date of issuance at an exercise price of $6.60 per share, subject to adjustments, and will expire three years after the Initial Exercise Date. The offering is expected to close on or about March 12, subject to the satisfaction of customary closing conditions. FT Global Capital is acting as the exclusive placement agent in connection with the offering. The company currently intends to use the net proceeds of the offering for working capital and general corporate purposes.

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YGMZ MingZhu Logistics
$7.29 /

-0.59 (-7.49%)

YGMZ MingZhu Logistics
$7.29 /

-0.59 (-7.49%)

Hot Stocks
MingZhu Logistics and Huawei Logistics enter strategic cooperation agreement » 09:05
03/03/21
03/03
09:05
03/03/21
09:05
YGMZ

MingZhu Logistics

$8.44 /

-0.46 (-5.17%)

MingZhu Logistics has…

MingZhu Logistics has entered a new strategic cooperation with Guangdong Huawei Modern Logistics. The cooperation agreement will leverage MingZhu's trucking fleets and logistics expertise to provide a link to and from Huawei Logistics' CHINARAILWAYExpress operation. Huawei Logistics, located in Guangdong Province, is a private enterprise that provides China-Europe railway freight services. In 2020, CRexpress launched 12,400 lines, and transported 1,135,000 twenty-foot equivalent unit containers nationwide.

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YGMZ MingZhu Logistics
$8.44 /

-0.46 (-5.17%)

YGMZ MingZhu Logistics
$8.44 /

-0.46 (-5.17%)

Hot Stocks
MingZhu Logistics announces cooperation agreement with China Merchants » 09:03
03/01/21
03/01
09:03
03/01/21
09:03
YGMZ

MingZhu Logistics

$8.55 /

-0.09 (-1.04%)

MingZhu Logistics…

MingZhu Logistics Holdings announced a major cooperation agreement with Sinotrans Logistics Limited's wholly owned subsidiary, China Merchants Logistics Group Urumqi Limited. The cooperation agreement is designed to provide an exclusive, crucial link between the first and last mile between slack coal mines and essential railroads. Under the cooperation agreement, MingZhu will be responsible for the logistics and timely container transport of slack coal linking mines with essential railroad transportation. The companies expect the higher efficiency, lower cost intermodal transport services model will set a new standard for future transport. The cooperation agreement will initially focus on serving Xinjiang's fast growing slack coal market, with total market volume expected to grow from 72.3 million tons in 2018 to 87.7 million tons by the end of 2021. Xinjiang occupies a preeminent position as one of the core transportation hubs of the One Belt One Road and serves as a strategic gateway.

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YGMZ MingZhu Logistics
$8.55 /

-0.09 (-1.04%)

YGMZ MingZhu Logistics
$8.55 /

-0.09 (-1.04%)

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