Logistics Company Announces Agreement For Major Acquisition
MingZhu Logistics Agrees to Acquire Oxylus Global: A Strategic Move Towards Diversification and Growth.
Disclaimer: The information provided in this article is for general informational purposes only and does not constitute investment advice. The content is based on the press release from MingZhu Logistics Holdings Limited and other publicly available information. Readers are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions.
MingZhu Logistics Holdings Limited (referred to as "MingZhu" or "the Company"), trading under Nasdaq as YGMZ, has taken a significant step in its aggressive business diversification and growth acceleration strategy by announcing its agreement to acquire Oxylus Global Inc ("Oxylus"). This acquisition, which is set to be completed by the end of calendar year 2024, is contingent on customary closing conditions, including regulatory approvals. The transaction, structured as an all-stock deal, underscores MingZhu's commitment to transforming its business operations and expanding into new technological realms.
MingZhu, an elite provider of logistics and transportation services, has been steadily evolving its business strategy to incorporate globally leading, transformational technologies. The company's current phase of business diversification aims to modernize the traditional logistics industry into a high-performance satellite and AI-based services platform. This modernization includes developing intelligent logistics networks and precious metal exchanges that enable fintech services.
The acquisition of Oxylus is designed to support and enhance these strategic goals. Oxylus, which has budgeted significant capital expenditures and investments, will bring valuable technology and intellectual properties to MingZhu. These include satellite-based communication and IoT infrastructure, big data, and an artificial intelligence-powered laser communications platform. Additionally, Oxylus's physical internet platform, industrial financial platform, and technology and energy metal exchanges are poised to complement MingZhu's existing service offerings.
Leadership Insights on the Acquisition: Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu, expressed his confidence in the acquisition, highlighting Oxylus's proven track record and leadership. "Oxylus is fast becoming an industry leader with a strong vision, leadership, culture, and execution. We are confident the addition of Oxylus's robust and successful platform will accelerate our growth while significantly expanding our future opportunities. We expect the acquisition will create significant value over the long-term for all shareholders," said Mr. Yang.
Mr. Yang also emphasized the rapid pace at which AI and new technologies are transforming industries globally. This transformation impacts all aspects of the global economy, from mining and procuring raw materials to manufacturing, distribution, sales, and consumption. Companies that adopt and integrate these powerful new platforms and technologies can gain a critical competitive advantage through increased operating efficiencies, higher returns on invested capital, and greater success.
"Our management team realized the significance to both our long-term business and the evolving support our customers would need in this new world. We are fully committed to an aggressive business diversification and growth acceleration. We believe this path best positions the Company for long-term success," Mr. Yang added.
About Oxylus Global Inc.
Oxylus Global Inc. is a digital asset infrastructure service company that is pioneering the deployment and operation of the world's first virtual Starlink and space-based supercomputing and optical communications network. Oxylus's open and decentralized artificial intelligence computing supports customers worldwide through its AI-enabled, global satellite network. The company operates multiple satellite launch sites in strategically located geographies and has planned headquarters in Zug, Switzerland, with regional offices in Shanghai, Seoul, and New York.
Oxylus's innovative solutions and extensive network capabilities make it a valuable addition to MingZhu's portfolio. The company's expertise in satellite-based communication and IoT infrastructure, coupled with its prowess in big data and AI-powered laser communications, aligns well with MingZhu's vision for the future of logistics and transportation services.
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a professional trucking service provider with a 4A rating. Over the years, MingZhu has built a reputation for delivering elite logistics and transportation services to businesses. The company's latest move to acquire Oxylus is a testament to its commitment to growth and innovation. MingZhu's decision to diversify and expand into new technological domains is driven by the need to stay competitive in a rapidly changing global market. By integrating advanced technologies and exploring new business opportunities, MingZhu aims to enhance its service offerings and achieve sustainable growth.
The acquisition of Oxylus Global Inc. marks a significant milestone for MingZhu Logistics Holdings Limited. This strategic move is expected to accelerate MingZhu's growth, expand its technological capabilities, and create long-term value for its shareholders. As the company continues to diversify and innovate, it remains well-positioned to navigate the challenges and opportunities of the modern logistics industry.
Disclaimer: The information provided in this article is for general informational purposes only and does not constitute investment advice. The content is based on the press release from MingZhu Logistics Holdings Limited and other publicly available information. Readers are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions.
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