Mingzhu Logistics Announces $2 Million Share Sale

Mingzhu Logistics Holdings Ltd (YGMZ) has released an update.

Mingzhu Logistics Holdings Ltd has entered into a securities purchase agreement to issue and sell 5 million ordinary shares to investors, aiming to raise $2 million. The transaction, which is set to close within three trading days following satisfaction of the agreement’s conditions, will see shares sold at $0.40 each, adjustable for market events. This strategic move will potentially stimulate the company’s financial growth and foster investor relationships.

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