Cheetah Net Supply Chain Service Inc. Signs Definitive Agreement to Acquire Edward Transit Express Group Inc. [Yahoo! Finance]
Cheetah Net Supply Chain Service Inc. (CTNT)
Company Research
Source: Yahoo! Finance
announced that it has executed a definitive agreement and its amendment thereto (the “Agreement”) for the acquisition (the “Acquisition”) of Edward Transit Express Group Inc. (“Edward”), a California-based global inbound non-vessel operating common carrier specializing in ocean and air transportation services. This strategic move marks Cheetah's inaugural investment in the logistics sector. The Acquisition is expected to close within 20 calendar days from the signing of the Agreement. Chairman and CEO Tony Liu commented, “[w]ith the Agreement now executed, we look forward to closing the Acquisition and to integrating Edward's operations into Cheetah as soon as possible. We expect Edward's logistics and warehousing services to reduce Cheetah's operating overhead and, more importantly, to jumpstart Cheetah's ability to offer these services to third-party parallel-import dealers. The Acquisition begins a new chapter in Cheetah's plans to become an international provider of comprehensiv
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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