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UPDATE; 12-29-2021
$YGMZ MingZhu Logistics Enters into Share Purchase Agreement to Acquire CheYi Network
December 29 2021 - 07:21AM
PR Newswire (US)
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SHENZHEN, China, Dec. 29, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"),
a leading trucking service provider, today announced that it entered into a 
Share Purchase Agreement (the "SPA") on December 29, 2021 to acquire 100% of the equity interest of Cheyi (BVI) Limited (the "Cheyi BVI")
which operates its business through its subsidiary 

Zhejiang CheYi Network Technology Co., Ltd. (the "CheYi Network"), 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 U.S. $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
(being U.S. $12,756,000 of $4 per share) and payment of $2,000,000 
at closing, 

and Year-2021 earnout payment of U.S. $8,826,019 and Year-2022 
earnout payment of U.S. $5,884,013 if the Cheyi BVI's audited net 
income for its fiscal year 2021 
and 2022 is no less than U.S. $3,000,000 respectively. 

The two earnout payments are due 13 months upon the delivery of Cheyi BVI's audited financial statements. 

The parties plan to close the transaction by December 31, 2021. 

The acquisition is expected to offer 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.

CheYi Network was established in December 2015 as a comprehensive automobile service platform, providing a full range of services to 
the automotive industry.

CheYi Network has built an integrated business platform with more 
than 6,000 vehicles and drivers for ride hailing services under management. Its vehicles and drivers provide services to major 
mobility technology platforms, such as SAIC Mobility and T3 Mobility.

Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, 
"We are excited to have CheYi Network now part of the MingZhu team.  

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."

About MingZhu Logistics Holdings Limited (NASDAQ: YGMZ)

Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. 

Based on the Company's regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to
our clients to deliver their goods through our network density 
and broad geographic coverage across the country by a combination 
of self-owned fleets tractors and trailers and subcontractors' fleets. 

For more information, please visit http://www.ir.szygmz.com.

Forward-Looking Statements

The statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives,
strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. 

Any statements that contain the words "may", "will", "want", "should", "believe", "expect", "anticipate", "estimate", "calculate" or similar statements
that are not factual in nature are to be considered forward-looking statements. 

Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. 

These factors include, but are not limited to, the Company's strategic objectives, the Company's future plans, market demand and user acceptance of the
Company's products or services, technological advances, economic trends, the growth of the trucking services market 
in China, the Company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China's macroeconomic conditions, 

and the risks and assumptions disclosed in the Company's reports provided to the CSRC (China Security Regulatory Commission) For 
these and other related reasons, we advise investors not to place 
any reliance on these forward-looking statements, 

and we urge investors to review the Company's relevant SEC filings 
for additional factors that may affect the Company's future results
of operations. 

The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.

Cision View original content:https://www.prnewswire.com/news-releases/mingzhu-logistics-enters-into-share-purchase-agreement-to-acquire-cheyi-network-301451480.html

SOURCE MingZhu Logistics Holdings Limited


Copyright 2021 PR Newswire



MingZhu Logistics Holdings

[-chart]pbs.twimg.com/media/FGqWKSmUYAwfJ7i?format=jpg&name=900x900[/chart]




10-12-21 MingZhu Logistics and Feipeng Logistics Enter into Non-Binding MOU to Acquire Xinjiang Feipeng Logistics
October 12 2021 - 08:00AM
PR Newswire (US)

https://ih.advfn.com/stock-market/NASDAQ/mingzhu-logistics-YGMZ/stock-news/86796556/mingzhu-logistics-to-expand-into-
 -liquor

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SHENZHEN, China, Oct. 12, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), 
a leading trucking service provider, today announced that it has 
entered into a non-binding memorandum of understanding ("MOU") 
to acquire the controlling interest of Xinjiang Feipeng Logistics Co. Ltd. ("Feipeng"),

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 an exclusive, crucial 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.

Under the MOU, 
MingZhu will be responsible for the logistics and timely container transport of slack coal linking mines with essential railroad transportation. 

Feipeng will be responsible for providing transportation services linking road and railway to delivery slack coal and containers. 

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.

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.

Mr. Yang Jinlong, CEO of MingZhu, said, 
"We have a strong partner in Feipeng, with the local presence and expertise critical for a successful venture. 

The combination will increase our capacity by 5X, as we expand well beyond our pre-COVID level. 

We have spent a lot of time analyzing the transportation and logistics market to uncover growth opportunities that closely align with our business strategy and priorities. 

This latest collaboration will greatly strengthen our business capabilities in the road-railway intermodal market, 
and build upon the framework we have already established under our cooperation agreement with Sinotrans Logistics Limited's wholly 
owned subsidiary, China Merchants Logistics Group Urumqi Limited."

Mr. Jinlong continued, "Legacy cargo transportation networks are typically expansive with disparate systems and greater inefficiencies. 

We are creating a new faster more efficient, 
intermodal transportation system to better serve key commerce centers, like Xinjiang, 
allowing it to facilitate the transfer by road to by rail, 
as well to as ship coal by containers to improve the transport capacity."

At present, Xinjiang's railway network carries an average of 496,000 tons of freight per day. As of December 31, 2020, Xinjiang's annual railroad cargo shipment volume
was 174.8 million tons, reaching a record high with an increase of 15.1% year-on-year. (Source: CCTV.com)


About Xinjiang Feipeng Logistics Co. Ltd.

Founded in July 2014, Feipeng Logistics provides integrated solutions 
to the logistics supply chain that reduce costs and increase efficiency. 

Feipeng Logistics is based in China's Xinjiang Autonomous Region Xinjiang, a strategically important location for manufacturing and commerce.

About MingZhu Logistics Holdings Limited (NASDAQ: YGMZ)

Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. 

Based on the Company's regional logistics terminals in Guangdong Province and Xinjiang Autonomous Region, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their 
goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors' fleets. For more information, please visit

http://www.ir.szygmz.com.

Forward-Looking Statements

The statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. 


Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance,
assumptions and any other statements of fact that have not occurred. 


Any statements that contain the words "may", "will", "want", "should", "believe", "expect", "anticipate", "estimate", "calculate" or similar statements
that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those
expressed in these forward-looking statements as a result of a variety of factors. 


These factors include, but are not limited to, the Company's strategic objectives, the Company's future plans, market demand and user acceptance of
the Company's products or services, technological advances, economic trends, 


the growth of the trucking services market in China, the Company's reputation and brand, the impact of industry competition
and bidding, relevant policies and regulations, fluctuations in China's macroeconomic conditions, 


and the risks and assumptions disclosed in the Company's reports provided to the CSRC (China Security Regulatory Commission)
For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, 


and we urge investors to review the Company's relevant SEC filings for additional factors that may affect the Company's future results of operations. 

The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents
as a result of changes in particular events or circumstances.


Cision View original content:
https://www.prnewswire.com/news-releases/mingzhu-logistics-and-feipeng-logistics-enter-into-non-binding-mou-to-acquire-xinjiang-feipeng-logistics-301397484.html

SOURCE MingZhu Logistics Holdings Limited


Copyright 2021 PR Newswire


 


[-chart]www.stockscores.com/chart.asp?TickerSymbol=YGMZ&TimeRange=275&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=830&ChartHeight=500&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=RSI&Indicator2=BBW&Indicator3=AccDist&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen[/chart]




02-07-2021
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YGMZ News: Annual and Transition Report (foreign Private Issuer) (20-f) 05/11/2022 12:33:37 PM
YGMZ News: Notification That Form 20-f Will Be Submitted Late (nt 20-f) 04/29/2022 06:20:52 AM
YGMZ News: MingZhu Logistics Enters into Share Purchase Agreement to Acquire Yinhua (BVI) Limited 03/14/2022 04:00:00 AM
YGMZ News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 03/03/2022 11:44:06 AM
YGMZ News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 01/05/2022 12:02:15 PM
PostSubject
#23   MingZhu Logistics Ho (YGMZ) mick 05/01/22 01:40:12 PM
#22   MingZhu Logistics Ho (YGMZ) mick 03/12/22 02:39:03 PM
#21   MingZhu Logistics Ho (YGMZ) mick 02/06/22 04:40:15 PM
#20   https://www.otcmarkets.com/stock/YGMZ mick 01/02/22 06:41:28 PM
#19   $YGMZ MingZhu Logistics Enters into Share Purchase Agreement mick 12/29/21 09:18:59 AM
#18   it can do my friend 'MingZhu Logistics Holdings (YGMZ)' mick 12/29/21 09:06:55 AM
#17   Back in with some 2.30s let's see if PStockPickz 12/29/21 09:04:43 AM
#16   i fixed up ibox i see news today mick 12/29/21 08:50:44 AM
#15   Thank you! Awl416 12/29/21 07:45:37 AM
#14   10-12-21 MingZhu Logistics and Feipeng Logistics Enter into mick 12/20/21 02:01:40 PM
#13   $YGMZ Report of Foreign Issuer Pursuant to Rule mick 12/20/21 01:51:12 PM
#12   MingZhu Logistics to Expand into Commercial Liquor Distribution mick 12/20/21 01:50:41 PM
#11   YGMZ - MingZhu Logistics Receives Multiple Awards at mick 12/20/21 01:50:21 PM
#10   YGMZ mick 12/20/21 01:49:11 PM
#9   $YGMZ: I'm getting in here under $3 as well makinezmoney 10/21/21 09:40:39 AM
#8   long aristotelisonassis 07/06/21 04:32:54 PM
#7   $5.30 nice wesley_ 05/03/21 02:44:55 PM
#6   This should be moving with that news of TRADER99 04/07/21 12:38:26 PM
#5   $YGMZ: AMAZINGGGGGGGGGGGGGG......... hit $47 !!!!!!!!!!!!!! makinezmoney 02/01/21 10:00:00 AM
#4   $YGMZ : Called this at $4.40... Hit $34.90 makinezmoney 01/28/21 11:32:52 PM
#3   $YGMZ: WHAT DID I TELL YOU !!!!!!!!!!!!!!!!!!!!!!!!!! makinezmoney 01/22/21 02:58:52 PM
#2   * * $YGMZ Video Chart 12-17-2020 * * ClayTrader 12/17/20 05:13:36 PM
#1   $YGMZ: MicroCap IPO Listing today.......... makinezmoney 10/21/20 12:28:16 PM
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