MingZhu Logistics to Acquire Mingfu Liquor; Expands Premium Liquor Business in China [Yahoo! Finance]
MingZhu Logistics Holdings Limited - Ordinary Shares (YGMZ)
Company Research
Source: Yahoo! Finance
logistics and transportation services to businesses, today announced it has entered into a non-binding memorandum of understanding to acquire Xiamen Mingfu Liquor Industry Co., Ltd., a China -based distributor of Baijiu. The acquisition, subject to a final agreement, will help accelerate growth of MingZhu's premium liquor business in China , which includes self-owned Baijiu brands and commercial distribution for third party brands. Mingfu Liquor is a liquor distributor that focuses on distributing Baijiu brewed in Maotai town, Guizhou . Baijiu is considered to be China's national drink and is the dominant spirits sold in the domestic China market, with the "white liquor" a normal staple at occasions from family gatherings to business banquets while the Maotai town is the most well-known origin of Baijiu. The proposed acquisition represents a further expansion of MingZhu's premium liquor services business. Previous premium liquor brand and business acquisitions include MingZhu's 20
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News
- MingZhu Logistics to Acquire Mingfu Liquor; Expands Premium Liquor Business in ChinaPR Newswire
- MingZhu Logistics Signs Non-Binding Letter of Intent to Acquire Driverless Auto Technologies and Intellectual Property Portfolio Valued Between US$80 Million and US$90 Million [Yahoo! Finance]Yahoo! Finance
- MingZhu Logistics Signs Non-Binding Letter of Intent to Acquire Driverless Auto Technologies and Intellectual Property Portfolio Valued Between US$80 Million and US$90 MillionPR Newswire
YGMZ
Sec Filings
- 5/15/24 - Form 20-F
- 5/8/24 - Form 6-K
- 5/1/24 - Form 6-K
- YGMZ's page on the SEC website