Marwynn Holdings surges 19.41% after-hours after signing LOI to acquire DJ Mex Corp., expanding EcoLoopX platform.

Marwynn Holdings surged 19.41% 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 company. The transaction aims to expand Marwynn’s EcoLoopX platform by enhancing sourcing, logistics, and cross-border supply-chain capabilities between the U.S., Latin America, and Asia. The move aligns with the company’s strategy to strengthen its asset-light circular-economy network and generate higher-value recurring revenue. Management highlighted DJ Mex’s established commercial network and experienced team as strategic assets, while DJ Mex’s CEO expressed optimism about leveraging Marwynn’s capital market access. Although the LOI remains subject to due diligence and definitive agreements, the news was interpreted as a catalyst for long-term growth, driving the sharp after-hours price increase.