Acquiring Company
MingZhu Logistics Holdings Limited (NASDAQ
Acquired Company
Feipeng
Description
MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"), a leading trucking service provider, today announced it has entered into a Share Purchase Agreement (the "SPA") to acquire Feipeng Global Limited (the "Feipeng"), a services provider of slack coal transportation for the "first and last mile" by road-railway intermodal system in Xinjiang, China. The acquisition is valued at approximately US$15 million and is expected to be immediately accretive to MingZhu's revenue, gross margin and net income. The transaction is subject to the conditions that are customary for transactions of this type.
Quick answer
MingZhu Logistics Holdings Limited (NASDAQ is acquiring Feipeng for $15 million, announced December 21, 2022.
- How much did MingZhu Logistics Holdings Limited (NASDAQ pay for Feipeng?
- The reported deal value is $15 million.
- What does MingZhu Logistics Holdings Limited (NASDAQ do?
- Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider.
Source: Fundz verified event record.
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Who to call at MingZhu Logistics Holdings Limited (NASDAQ, and when
When MingZhu Logistics Holdings Limited (NASDAQ changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Feipeng?
Feipeng was acquired by MingZhu Logistics Holdings Limited (NASDAQ. The deal was reported on December 21, 2022. Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. MingZhu Logistics Holdings Limited (NASDAQ is privately held and operates in Transportation.
When did MingZhu Logistics Holdings Limited (NASDAQ acquire Feipeng?
MingZhu Logistics Holdings Limited (NASDAQ's acquisition of Feipeng was reported on December 21, 2022. MingZhu Logistics Holdings Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Feipeng do?
Founded in July 2014, Feipeng Logistics provides integrated solutions to the logistics supply chain that reduce costs and increase efficiency. It is privately held, operating in Manufacturing.
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