MingZhu Logistics Holdings Limited announced on July 3, 2025, that it has entered into a Share Purchase Agreement to acquire 100% equity of Shenzhen Mingzhuchun Wine Co., Ltd. Mingzhuchun operates its liquor distribution business through its subsidiaries Xiamen Bainian Qianzhuang Wine Group Co., Ltd. and Ningde Mingfu Wine Co., Ltd. in China.
The acquisition consideration includes the issuance of 2,000,000 ordinary shares of Mingzhu upon closing. Additionally, the shareholder of Mingzhuchun is eligible for two earnout payments, each consisting of 2,000,000 ordinary shares, if Mingzhuchun achieves a net income of at least $1 million for fiscal years 2025 and 2026, respectively.
This acquisition aligns with MingZhu's strategic plan to expand into China’s commercial liquor distribution sector, leveraging synergies with its existing logistics operations. Mingzhuchun specializes in distributing high-quality baijiu from Maotai Town, a renowned production hub for China’s national drink.
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