NEWS
MingZhu Logistics to Acquire HOLDCO 36 in Transformational Business Combination
MingZhu Logistics Holdings (Nasdaq: YGMZ) has announced the acquisition of HOLDCO 36 in an all-stock transaction, subject to customary closing conditions and regulatory approvals. This transformational business combination is expected to shift MingZhu's focus towards higher growth market segments with favorable regulatory environments.
The acquisition includes several key assets:
A Green Fuel Smart Trading Platformfor global distribution of biofuels and sustainable energy sources
EPC+O services for biomass energy and new energy systems
A Power Leasing and Energy platform for green vessel financing
A Digital Energy Services Segment for the steel industry, focusing on smart virtual power plants and zero-carbon industrial parks
MingZhu's CEO, Jinlong Yang, expressed excitement about the potential for meaningful value creation for shareholders through this strategic move.
The acquisition includes several key assets:
A Green Fuel Smart Trading Platformfor global distribution of biofuels and sustainable energy sources
EPC+O services for biomass energy and new energy systems
A Power Leasing and Energy platform for green vessel financing
A Digital Energy Services Segment for the steel industry, focusing on smart virtual power plants and zero-carbon industrial parks
MingZhu's CEO, Jinlong Yang, expressed excitement about the potential for meaningful value creation for shareholders through this strategic move.
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