MingZhu Logistics surges on deal to acquire CheYi Network

MingZhu Logistics Holdings

06/07/2021 21:41

** Shares of trucking service provider MingZhu Logistics
Holdings Ltd  YGMZ.O  surge more than 27% in aftermarket trading
    ** Co to acquire online car-hailing and driver management
services company Zhejiang CheYi Network Technology Co
 urn:newsml:reuters.com:*:nPnHCbT7a
    ** CheYi Network has built an integrated business platform
with more than 6,000 vehicles and drivers for ride hailing
services under management - YGMZ
    ** MOU is non-binding and there is no assurance that the
transaction will be completed 
    ** YTD, stock down ~54%

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))