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

May 1, 2024

https://www.prnewswire.com/news-releases/mingzhu-logistics-to-acquire-mingfu-liquor-expands-premium-liquor-business-in-china-302132953.html

SHENZHEN, China, May 1, 2024 /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 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.

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