Marwynn Holdings shares surge 42.15% after-hours after signing LOI to acquire 51% stake in DJ Mex, expanding EcoLoopX platform.

Marwynn Holdings surged 42.15% 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 electronic-waste logistics and recyclable-materials trading company. The transaction, aimed at expanding Marwynn’s EcoLoopX circular supply-chain platform, aligns with the company’s strategy to strengthen its asset-light global network for e-waste and recyclable materials. Management emphasized the acquisition would enhance sourcing, logistics, and cross-border operations, positioning Marwynn for higher-value recurring revenue. The deal, though subject to due diligence and final agreements, was highlighted as a pivotal step in accelerating EcoLoopX’s growth and creating long-term value, with DJ Mex’s existing infrastructure and commercial network expected to bolster Marwynn’s strategic capabilities.