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MingZhu Logistics (YGMZ) has announced a partnership with Carbonomi Trust to develop a high-performance satellite-based intelligent logistics network. This initiative aims to enhance logistics and transportation services with reliable real-time communication and IoT device monitoring, targeting business and enterprise users. The collaboration will address three main areas: satellite-based logistics communication, physical internet-based logistics technology, and green logistics-related financial product development. MingZhu CEO, Jinlong Yang, highlighted the significant opportunities in sectors like construction, transportation, and retail, emphasizing the potential for generating substantial shareholder value.
MingZhu Logistics Holdings , listed on Nasdaq as YGMZ, announced the non-binding agreement to acquire Xiamen Mingfu Liquor Industry Co., , a distributor of Baijiu in China. The acquisition aims to boost MingZhu's premium liquor business in China, expanding its self-owned Baijiu brands and commercial distribution for third-party brands. Baijiu, China's national drink, is popular in the domestic market, with Maotai town being a key production hub. This move follows MingZhu's previous acquisition of Guizhou Alliance Liquor Management Co., in 2023.