MingZhu Logistics enters logistics, supply chain efficiency MOU with Enextrend

MingZhu Logistics (YGMZ) announced that it executed a non-binding memorandum of understanding with Enextrend, a Vietnam registered company which owns the cross-border e-commerce platform – Muamau Mall. The strategic partners plan to leverage their respective expertise and resources to build a high-performance cross-border logistics and supply chain efficiency. The term of the MOU is two-years, commencing from July 7 and ending on July 6, 2027, unless terminated earlier by both parties. Continuation of the cooperation contemplated by this MOU is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive cooperation agreement, satisfaction of the conditions negotiated therein including the approval of the company’s board of directors. There is no assurance that a definitive agreement will be entered into or that the proposed cooperation will be consummated.