MingZhu Logistics Expects To Move Forward With Alternative Options After Agreeing With Oxylus Global To Terminate Proposed Acquisition
Portfolio Pulse from Benzinga Newsdesk
MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) and Oxylus Global Inc have mutually agreed to terminate their proposed acquisition due to regulatory approval uncertainties. MingZhu plans to explore alternative options for business diversification and growth.
September 12, 2024 | 1:08 pm
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MingZhu Logistics and Oxylus Global have terminated their acquisition agreement due to regulatory approval challenges. MingZhu plans to pursue alternative growth strategies.
The termination of the acquisition deal removes uncertainty around regulatory approvals, which could be seen as a neutral event. However, MingZhu's commitment to exploring alternative growth strategies may provide future opportunities for the company.
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