YGMZ - Why MingZhu Logistics Shares Are Trading Higher Today | Benzinga
MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) has signed a non-binding letter of intent (LOI) to acquire driverless auto technologies and intellectual property (IP) portfolio valued between $80 million and $90 million.
The Carbonomi Trust and CYF (BVI) Limited are being identified as the sellers. The logistics provider will conduct further due diligence on the IP portfolio and negotiate a definitive agreement.
It is to be noted that neither ...