Mingju

MingZhu Logistics to Acquire Mingfu Liquor; Expands Premium Liquor Business in China

Retrieved on: 
Wednesday, May 1, 2024
Mingju, Transport, Growth, Acquisition, Knowledge, OBM, Liquor

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.

Key Points: 
  • 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.
  • Previous premium liquor brand and business acquisitions include MingZhu's 2023 acquisition of Guizhou Alliance Liquor Management Co., Ltd. (formerly known as Guizhou Minzusheng Liquor Co., Ltd.).
  • Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu, commented, "The premium liquor business is one of our fastest growing businesses known for is very attractive, higher margins.

Mingzhu Receives Nasdaq Minimum Bid Price Requirement Extension

Retrieved on: 
Tuesday, January 23, 2024
Transport, Mingju, Calendar

SHENZHEN, China, Jan. 23, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on January 23, 2024, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through July 22, 2024.

Key Points: 
  • SHENZHEN, China, Jan. 23, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on January 23, 2024, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through July 22, 2024.
  • To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of the Company's ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by July 22, 2024.

Mingzhu Announces Unaudited Financial Results for the Six Months Ended June 30, 2023

Retrieved on: 
Wednesday, December 27, 2023
Acquisition, Transport, Mingju

SHENZHEN, China, Dec. 27, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its unaudited financial results for the six months ended June 30, 2023.

Key Points: 
  • SHENZHEN, China, Dec. 27, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its unaudited financial results for the six months ended June 30, 2023.
  • Operating Results for the Six Months Ended June 30, 2023
    Revenue for the six months ended June 30, 2023, decreased by $4,239,764, or 7.0%, to $56.1 million from $60.3 million for the same period of last year.
  • Total operating expenses decreased by $1,430,036, or 2.4%, to $57.0 million for the six months ended June 30, 2023, from $58.4 million for the same period of last year.
  • Net loss for the six months ended June 30, 2023 was $805,636 compared to net income of $1,645,083 in the year ago period.

Fundhomes Launches Public Offering, Enabling Average Americans to Invest in Real Estate through Airbnb Rental Properties

Retrieved on: 
Monday, August 7, 2023
Mingju, Growth, Fortune 500, News, Investment, Reg, Property management, Cryptocurrency, Airbnb, SeedInvest

Seattle, Washington--(Newsfile Corp. - August 7, 2023) - Fundhomes, a leading platform revolutionizing real estate investment through Airbnb rental properties, is pleased to announce the initiation of its public offering with the news of their Reg A application being approved.

Key Points: 
  • Seattle, Washington--(Newsfile Corp. - August 7, 2023) - Fundhomes, a leading platform revolutionizing real estate investment through Airbnb rental properties, is pleased to announce the initiation of its public offering with the news of their Reg A application being approved.
  • This momentous achievement will grant the opportunity for everyday Americans to participate in real estate investments by leveraging Airbnb rental properties, with investment options starting as low as $100.
  • "We are excited to launch our public offering and provide average Americans with a seamless way to invest in real estate through Airbnb rental properties," said Ming Zhu, Founder of Fundhomes.
  • The platform's dedication to making real estate investing accessible to everyone underscores its mission to democratize the market and help average Americans get into real estate investing.

MingZhu Logistics Receives Nasdaq Notification Regarding Minimum Bid Requirements

Retrieved on: 
Monday, July 24, 2023
Disclosure, Calendar, Transport, Letter, Mingju, Auction

SHENZHEN, China, July 24, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on July 24, 2023, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2).

Key Points: 
  • SHENZHEN, China, July 24, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on July 24, 2023, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2).
  • This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
  • Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until January 22, 2024 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement.
  • In the event the Company does not regain compliance with the minimum bid price requirement within 180 calendar days, the Company may be eligible for additional time.

MingZhu Logistics Enters Share Purchase Agreement to Acquire Alliance Liquor

Retrieved on: 
Friday, May 26, 2023
BVI, Mingju, Financial assistance (share purchase), Acquisition, SPA, Growth, Transport, Liquor

SHENZHEN, China, May 26, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has entered into a Share Purchase Agreement (the "SPA") to acquire 100% equity of Alliance Liquor Investment (BVI) Limited ("Alliance Liquor"), which operates its liquor distribution business through its variable interest entity Xiamen Alliance Liquor Industry Group Co., Ltd. (formerly known as Guizhou Minzusheng Liquor Co., Ltd.) in China.

Key Points: 
  • SHENZHEN, China, May 26, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has entered into a Share Purchase Agreement (the "SPA") to acquire 100% equity of Alliance Liquor Investment (BVI) Limited ("Alliance Liquor"), which operates its liquor distribution business through its variable interest entity Xiamen Alliance Liquor Industry Group Co., Ltd. (formerly known as Guizhou Minzusheng Liquor Co., Ltd.) in China.
  • Under terms of the SPA, MingZhu shall acquire 100% of Alliance Liquor in exchange for the issuance of 4,569,095 ordinary shares of Mingzhu upon closing.
  • This initially included cooperating with a China-based distributor of liquor and other spirits to enhance its commercial liquor distribution business across China, subject to final agreement.
  • Alliance Liquor is a liquor distributor that focuses on distributing liquor brewed in Maotai town, Guizhou.

EQS-News: MingZhu Logistics Holdings Enters $34 Million Agreement And Furthers Its Position As A Strategic Bulk Coal Cargo Transportation Provider

Retrieved on: 
Sunday, January 22, 2023
Advertising, Coal, Heat, Transport, Policy, Mingju, National Development and Reform Commission, Rail freight transport

MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (“MingZhu”) announced a $34 million agreement with Xinjiang Tianfu Yitong Supply Chain Management Co, Ltd. (“Tianfu”).

Key Points: 
  • MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (“MingZhu”) announced a $34 million agreement with Xinjiang Tianfu Yitong Supply Chain Management Co, Ltd. (“Tianfu”).
  • MingZhu will use its transportation and logistics expertise to handle the transportation of bulk coal cargo between Tianfu Yitong’s operations in Gansu, Qinghai, and Xinjiang.
  • Tianfu is a logistics service provider with a specialty in coal, ore, and other bulk goods.
  • MingZhu has experience providing transportation for bulk cargo foam coal and raw coal for Tianfu.

MingZhu Logistics Updates Instructions to Participate in 2022 Annual Meeting via Video Conferencing

Retrieved on: 
Tuesday, September 6, 2022
Proceedings of the Human Factors and Ergonomics Society Annual Meeting, NASDAQ, Mingju, SEC, Goal, CSRC, China Securities Regulatory Commission, Annual general meeting, Company, Private Securities Litigation Reform Act, Growth, COVID, Review, Forward-looking statement, Nature, Public relations

SHENZHEN, China, Sept. 5, 2022 /PRNewswire/ -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"), a trucking service provider, today announced updated instructions to participate in the Company's 2022 Annual Meeting via video conferencing to accommodate ongoing COVID concerns and travel challenges.

Key Points: 
  • SHENZHEN, China, Sept. 5, 2022 /PRNewswire/ -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"), a trucking service provider, today announced updated instructions to participate in the Company's 2022 Annual Meeting via video conferencing to accommodate ongoing COVID concerns and travel challenges.
  • The Annual Meeting will take place virtually via Zoom at 10:00 a.m. Eastern Time on September 6, 2022.
  • To Participate at 10:00 a.m. Eastern Time, on Tuesday, Sept. 6, 2022:
    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.
  • 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.

MingZhu Logistics to Expand into Commercial Liquor Distribution

Retrieved on: 
Monday, December 13, 2021
CSRC, Mingju, CEO, The Drinks Business, China Securities Regulatory Commission, SEC, Company, NASDAQ, Forward-looking statement, Growth, Goal, Nature, Child, Review, Private Securities Litigation Reform Act, Time, Knowledge, Industry, Liquor, Baijiu

SHENZHEN, China, Dec.13, 2021 /PRNewswire/ --MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), a leading trucking service provider, today announced that it intends to expand into the commercial liquor distribution market given the synergies and adjacency to its existing business.

Key Points: 
  • SHENZHEN, China, Dec.13, 2021 /PRNewswire/ --MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), a leading trucking service provider, today announced that it intends to expand into the commercial liquor distribution market given the synergies and adjacency to its existing business.
  • The Company intends to cooperate with a China-based distributor of Baijiu and other spirits to enhance its commercial liquor distribution business across China, subject to final agreement.
  • Baijiu rose to international fame when Chairman Mao Zedong served it to President Nixon at their historic 1972 banquet in Beijing.
  • 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.

MingZhu Logistics and Feipeng Logistics Enter into Non-Binding MOU to Acquire Xinjiang Feipeng Logistics

Retrieved on: 
Tuesday, October 12, 2021
NASDAQ, Company, Private Securities Litigation Reform Act, Forward-looking statement, Efficiency, Coal, Goal, Commerce, Time, CSRC, Growth, SEC, Transport, Review, China Securities Regulatory Commission, Nature, MOU, CEO, Documentation, Acquisition, Mingju, Rail freight transport, Warehouse

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

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