Mingzhu Logistics Holdings Ltd (YGMZ) has released an update.
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MingZhu Logistics Holdings Ltd, a major player in China’s logistics and transportation industry, has announced a non-binding agreement to acquire Xiamen Mingfu Liquor Industry Co., Ltd., a key distributor of Baijiu, China’s national drink. This strategic move aims to bolster MingZhu’s burgeoning premium liquor division, leveraging synergies with their existing logistics network to capture a larger market share and create shareholder value. The company has a history of successful expansions in the premium liquor market, including the recent acquisition of Guizhou Alliance Liquor Management Co., Ltd.
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