$YGMZ Plans to Acquire HOLDCO 36 in Transformational Business Combination

SHENZHEN, China - Sept. 12, 2024 - PRLog -- MingZhu Logistics Holdings Limited (Stock Symbol: YGMZ) is a 4A-rated professional trucking service provider established in 2002 and headquartered in Shenzhen, China. YGMZ offers tailored solutions to clients to deliver their goods through a network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and also subcontractors' fleets.

YGMZ operates two regional terminals in Guangdong Province and Xinjiang Autonomous Region, respectively. YGMZ customers primarily include sizeable logistics companies, freight forwarders, and warehouse operators in The People's Republic of China.

YGMZ Plan to Acquire HOLDCO 36 in Transformational Business Combination

On September 12th YGMZ announced the acquisition of HOLDCO 36 in a transformational business combination.

For assets and projects being injected to YGMZ, parties are with explicit understanding that the projects contributed by HOLDCO 36 and their conditions may change but new projects are always being secured and developed to either be added or be replacing non-active ones. Initial business assets and operations for YGMZ being acquired are expected to include:

Green Fuel Smart Trading Platform: A comprehensive global distribution platform for biofuels, natural gas, hydrogen-based fuels, methanol, and related equipment. This platform aims to establish itself as the OPEC of green biofuels, facilitating the trade and distribution of sustainable fuel sources worldwide.

EPC+O: Engineering, Procurement, Construction, and Operations for biomass energy, and new energy systems such as wind, solar, storage, hydrogen, and ammonia EPC engineering productions systems. Using the existing ECaaS to provide distributed biomass "carbon-electricity-biomass energy" co-generation solutions. The business provides wind, solar, storage, green hydrogen, and green ammonia and green fuel EPC consulting services to clients in Americas, Asia, Africa and Europe.

Power Leasing and Energy: Developed an intelligent financial service platform for sales and lease financing for green and lightweight vessels, maritime equipment and lightweight materials for vessels.

Digital Energy Services Segment for the Steel Industry: Innovating a smart virtual power plant for closed-loop virtual scenarios targeting steel mills worldwide, supporting local distributed energy operations and usage. Managing national zero-carbon industrial parks for the steel industry and voluntary carbon reduction, which provides carbon credit, supply chain carbon verification, green certificate trading and verification.

Major Contract Awarded to YGMZ Subsidiary from Sinotrans Logistics for Vehicle Transport

On July 10th YGMZ announced Sinotrans Logistics Northwest Co., Ltd. (https://logistics.sinotrans.com/) awarded a major 1-year vehicle transport contract to YGMZ subsidiary Shanghai Feipeng Supply Chain Management Co., Ltd.

Under the contract, YGMZ will provide automobile transportation service to Sinotrans Logistics through June 2025. YGMZ will be transporting new energy commercial vehicles for Sinotrans Logistics from its customer Zhejiang Geely Holding Group Co., Ltd.'s nationwide factory to agreed-upon destinations across China. Sinotrans Logistics contracted YGMZ to initially provide 100 trucks on the route during the contract period.

YGMZ Partners with Carbonomi Group to Build High-Performance Satellite-Based Intelligent Logistics Network

On May 17th YGMZ announced it will partner with Carbonomi Trust, a leading investor in energy transition-related technologies and companies including satellite-based communication and IoT infrastructure. The strategic partners will leverage their respective expertise and resources to build a high-performance satellite-based intelligent logistics network primarily targeting business and enterprise users, with fixed site and mobile coverage.

For more information on $YGMZ visit: https://ir.szygmz.com/ or https://compasslivemedia.com/ygmz/

Media Contact
Company Name: MingZhu Logistics Holdings Limited
Contact Person: Jingwei Zhang (China) or David Pasquale, Global IR Partners (USA)
Email:  company@szygmz.com (China) or  YGMZ@globalirpartners.com (USA)
Phone: (+86) 186-5937-1270 (China) or +1-914-337-8801 (USA)
Country: China
Website: https://ir.szygmz.com/

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