Marwynn Holdings shares surge 30.20% after-hours after signing LOI to acquire 51% stake in DJ Mex Corp., expanding EcoLoopX platform.

Marwynn Holdings (Nasdaq:MWYN) surged 30.20% in after-hours trading following the announcement of a non-binding Letter of Intent to acquire a 51% stake in DJ Mex Corp., a U.S.-based e-waste and recyclable materials logistics firm. The transaction, aligned with Marwynn’s strategy to expand its EcoLoopX circular supply-chain platform, is expected to enhance sourcing, cross-border operations, and asset-light revenue streams. The CEO emphasized the acquisition would strengthen Marwynn’s positioning in higher-value circular-economy activities. The sharp price increase reflects investor optimism about the strategic expansion and potential synergies, despite the deal’s conditional nature.