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MingZhu Logistics Holdings Priced, Nasdaq: YGMZ

Provides trucking and logistics services in China.

Industry: Industrials

First Day Return: +6.3%

Industry: Industrials

We are one of China’s fastest growing trucking services provider in China with over 17 years of experience in the transportation and logistics industry. We formed our first operating subsidiary in 2002 to engage in the business of trucking services and subsequently formed four other wholly owned subsidiaries. Our current operations are conducted through our subsidiaries. We experienced a steady growth in our business in recent years and our revenue increased by 34.1% in 2018 compared to 2017. As a result of our continuous growth, we have become the second largest transportation service provider in the Guangdong region and have been recognized and accredited by the China Federation of Logistics and Purchasing as a 3A-grade trucking service provider. Our transportation services operate out of two terminals, one in the Guangdong region, and one in the Xinjiang region. We primarily provide Dedicated Truckload Services within the PRC. We have created a successful business model that has allowed us to expand our customer base and market coverage whilst maintaining good relations with our existing customers. With the proceeds raised, we intend to carry out our strategy that will allow us to reach our mission to become China’s largest and most trusted transportation company. We operate a truckload fleet with 132 tractors and 90 trailers, all of which are owned by us.
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MingZhu Logistics Holdings (YGMZ) Performance