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MingZhu Logistics Holdings ( (YGMZ) ) has provided an announcement.
Mingzhu Logistics Holdings Limited has announced an Extraordinary General Meeting (EGM) scheduled for April 21, 2025, to discuss several key resolutions. These include a proposal for share consolidation, an increase in authorized share capital, and amendments to the company’s memorandum and articles of association. Additionally, the issuance of 120,000,000 restricted ordinary shares in a private placement is to be ratified. These changes are aimed at restructuring the company’s share capital and enhancing its financial flexibility, potentially impacting shareholder value and market positioning.
More about MingZhu Logistics Holdings
Mingzhu Logistics Holdings Limited is a company incorporated in the Cayman Islands with limited liability, operating in the logistics industry. The company is focused on providing logistics services, with its principal executive offices located in Shenzhen, Guangdong, China.
YTD Price Performance: -4.55%
Average Trading Volume: 70,871
Technical Sentiment Signal: Strong Buy
Current Market Cap: $62.81M
Learn more about YGMZ stock on TipRanks’ Stock Analysis page.