MingZhu Logistics Holdings (YGMZ) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
MingZhu Logistics Holdings Ltd. has entered into a merger agreement with GIGA Carbon Neutrality Inc. and HOLDCO 36, which will result in GIGA Carbon Neutrality becoming a wholly owned subsidiary of MingZhu. The decision, seen as fair and in the best interest of both companies’ shareholders, involves a stock issuance from MingZhu to the shareholders of GIGA Carbon Neutrality. This strategic move is set to consolidate MingZhu’s position in the logistics sector and expand its operational footprint.
For further insights into YGMZ stock, check out TipRanks’ Stock Analysis page.