Cheetah Net Supply Chain Service Inc. Completes Edward Acquisition
Cheetah Net Supply Chain Service Inc. (CTNT)
Company Research
Source: GlobeNewswire
CHARLOTTE, N.C., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT) today announced the successful completion of its acquisition of Edward Transit Express Group Inc. (the “Acquisition”), a California-based global inbound non-vessel operating common carrier providing ocean and air transportation services (“Edward”). The Acquisition marks a pivotal achievement in Cheetah’s strategic expansion plans. Tony Liu, Chairman and CEO, commented, “[t]he Acquisition positions us as a more visible competitor in our industry. This strategic move aligns seamlessly with our broader goals, strengthens our logistical capabilities, and enables us to provide end-to-end supply chain solutions. We are committed to leveraging the Acquisition by reducing transaction costs, creating new revenue streams, and becoming a one-stop-shop for traders within the global supply chain sector.” Total consideration for the Acquisition was $1.5 million
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News
- A Look At The Fair Value Of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) [Yahoo! Finance]Yahoo! Finance
- Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) had its price target lowered by analysts at Maxim Group from $5.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Cheetah Net Supply Chain Service Inc. Announces Full Year 2023 Results and Provides Corporate Update [Yahoo! Finance]Yahoo! Finance
- Cheetah Net Supply Chain Service Inc. Announces Full Year 2023 Results and Provides Corporate UpdateGlobeNewswire
CTNT
Analyst Actions
- 3/20/24 - Maxim Group
CTNT
Sec Filings
- 5/1/24 - Form FWP
- 4/29/24 - Form 8-K
- 4/29/24 - Form EFFECT
- CTNT's page on the SEC website