MingZhu Logistics to Acquire Shenzhen Mingzhuchun Wine Co., Ltd. for Strategic Expansion into China's Premium Baijiu Market

MingZhu Logistics is acquiring 100% of Shenzhen Mingzhuchun Wine Co. for an initial payment of 2 million shares and earnout conditions. The acquisition aims to expand into China's premium baijiu market, leveraging MingZhu's existing logistics infrastructure. The deal is structured to protect shareholder value, with additional earnout payments contingent upon Mingzhuchun achieving a net income of at least $1 million in fiscal years 2025 and 2026.