MingZhu Logistics Signs Non-Binding Letter Of Intent To Acquire Driverless Auto Technologies And Intellectual Property Portfolio Valued Between $80M And $90M
Portfolio Pulse from Benzinga Newsdesk
MingZhu Logistics (YGMZ) has signed a non-binding letter of intent to acquire driverless auto technologies and an intellectual property portfolio valued between $80M and $90M.
March 04, 2024 | 2:05 pm
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MingZhu Logistics plans to acquire driverless auto technologies and an IP portfolio, indicating a strategic move into the autonomous vehicle space.
The acquisition of driverless auto technologies and an IP portfolio valued between $80M and $90M represents a significant strategic move for MingZhu Logistics into the autonomous vehicle industry. This could potentially open new revenue streams and partnerships, positively impacting YGMZ's stock in the short term due to investor optimism about entering a high-growth market.
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