MingZhu Logistics Plans to Partner with Muamau Mall to Jointly Explore the Vietnam and the U.S. Markets
MingZhu Logistics (NASDAQ: YGMZ) has signed a non-binding memorandum of understanding (MOU) with Enextrend, owner of Vietnam's Muamau Mall e-commerce platform, to explore strategic partnership opportunities. The two-year MOU, effective from July 7, 2025 to July 6, 2027, aims to establish cross-border logistics and supply chain efficiency.
The partnership focuses on resource sharing and complementary advantages, with MingZhu planning to provide logistics and supply chain services to support Enextrend's e-commerce business. The collaboration aims to promote market expansion, develop innovative logistics products, and improve supply chain intelligence to enhance customer experience and reduce operating costs.
MingZhu Logistics (NASDAQ: YGMZ) ha firmato un memorandum d'intesa non vincolante (MOU) con Enextrend, proprietaria della piattaforma di e-commerce Muamau Mall in Vietnam, per esplorare opportunità di collaborazione strategica. Il MOU biennale, valido dal 7 luglio 2025 al 6 luglio 2027, mira a migliorare l'efficienza della logistica transfrontaliera e della catena di approvvigionamento.
La partnership si concentra sul condividere risorse e sfruttare vantaggi complementari, con MingZhu che intende offrire servizi logistici e di supply chain a supporto dell'attività e-commerce di Enextrend. La collaborazione punta a favorire l'espansione del mercato, sviluppare prodotti logistici innovativi e migliorare l'intelligenza della supply chain per potenziare l'esperienza del cliente e ridurre i costi operativi.
MingZhu Logistics (NASDAQ: YGMZ) ha firmado un memorando de entendimiento no vinculante (MOU) con Enextrend, propietaria de la plataforma de comercio electrónico Muamau Mall en Vietnam, para explorar oportunidades de asociación estratégica. El MOU de dos años, vigente del 7 de julio de 2025 al 6 de julio de 2027, tiene como objetivo establecer eficiencia en la logística transfronteriza y la cadena de suministro.
La alianza se centra en el intercambio de recursos y ventajas complementarias, con MingZhu planeando ofrecer servicios logísticos y de cadena de suministro para apoyar el negocio de comercio electrónico de Enextrend. La colaboración busca promover la expansión del mercado, desarrollar productos logísticos innovadores y mejorar la inteligencia de la cadena de suministro para optimizar la experiencia del cliente y reducir costos operativos.
MingZhu Logistics (NASDAQ: YGMZ)는 베트남의 Muamau Mall 전자상거래 플랫폼 소유주인 Enextrend와 전략적 파트너십 기회를 모색하기 위한 구속력 없는 양해각서(MOU)를 체결했습니다. 2년간의 MOU는 2025년 7월 7일부터 2027년 7월 6일까지 유효하며, 국경 간 물류 및 공급망 효율성 구축을 목표로 합니다.
이번 협력은 자원 공유와 상호 보완적 강점에 중점을 두고 있으며, MingZhu는 Enextrend의 전자상거래 사업을 지원하기 위해 물류 및 공급망 서비스를 제공할 계획입니다. 이 협력은 시장 확장 촉진, 혁신적인 물류 상품 개발, 공급망 지능 향상을 통해 고객 경험을 개선하고 운영 비용을 절감하는 것을 목표로 합니다.
MingZhu Logistics (NASDAQ : YGMZ) a signé un protocole d'accord non contraignant (MOU) avec Enextrend, propriétaire de la plateforme e-commerce Muamau Mall au Vietnam, afin d'explorer des opportunités de partenariat stratégique. Le MOU de deux ans, en vigueur du 7 juillet 2025 au 6 juillet 2027, vise à établir une efficacité logistique transfrontalière et une chaîne d'approvisionnement optimisée.
Le partenariat met l'accent sur le partage des ressources et les avantages complémentaires, MingZhu prévoyant de fournir des services logistiques et de chaîne d'approvisionnement pour soutenir l'activité e-commerce d'Enextrend. Cette collaboration a pour objectif de favoriser l'expansion du marché, développer des produits logistiques innovants et améliorer l'intelligence de la chaîne d'approvisionnement afin d'améliorer l'expérience client et réduire les coûts opérationnels.
MingZhu Logistics (NASDAQ: YGMZ) hat ein unverbindliches Memorandum of Understanding (MOU) mit Enextrend, dem Eigentümer der vietnamesischen E-Commerce-Plattform Muamau Mall, unterzeichnet, um strategische Partnerschaftsmöglichkeiten zu erkunden. Das zweijährige MOU, gültig vom 7. Juli 2025 bis zum 6. Juli 2027, zielt darauf ab, grenzüberschreitende Logistik und Lieferketteneffizienz zu etablieren.
Die Partnerschaft konzentriert sich auf Ressourcenteilung und komplementäre Vorteile, wobei MingZhu plant, Logistik- und Lieferkettenservices zur Unterstützung des E-Commerce-Geschäfts von Enextrend bereitzustellen. Die Zusammenarbeit soll Markterweiterung fördern, innovative Logistikprodukte entwickeln und die Lieferkettenintelligenz verbessern, um das Kundenerlebnis zu steigern und Betriebskosten zu senken.
- Potential expansion into Vietnamese and U.S. markets through strategic partnership
- Access to emerging cross-border e-commerce platform Muamau Mall
- Opportunity for product innovation and technology upgrades in logistics
- Potential for reduced operating costs and improved efficiency through resource sharing
- MOU is non-binding and subject to due diligence and definitive agreement
- No guarantee of successful completion of the proposed cooperation
- Implementation timeline and specific terms not yet defined
Insights
MingZhu's non-binding MOU with Muamau Mall signals potential but offers limited concrete value without definitive agreement.
MingZhu Logistics has signed a non-binding memorandum of understanding with Vietnam's Enextrend, owner of cross-border e-commerce platform Muamau Mall. The preliminary agreement outlines intentions for a strategic partnership focused on cross-border logistics and supply chain efficiency over a two-year term beginning July 7, 2025.
What's critical to understand is the highly preliminary nature of this announcement. The MOU represents only initial intent rather than concrete business development. Several significant hurdles remain before implementation: completion of due diligence, negotiation of definitive terms, satisfaction of yet-undetermined conditions, and board approval. The company explicitly acknowledges there's "no assurance" a definitive agreement will materialize.
The conceptual partnership aims to combine MingZhu's logistics expertise with Enextrend's e-commerce platform to develop innovative logistics products, enhance supply chain intelligence, reduce operating costs, and expand market reach in Vietnam and the US. However, the announcement lacks specific metrics, implementation timelines, or financial projections.
For investors, this represents a potential strategic direction rather than an actionable business development. The absence of binding commitments, financial details, or concrete operational plans significantly limits its immediate relevance. While international expansion could eventually benefit MingZhu's growth trajectory, this early-stage MOU primarily signals exploratory intentions rather than substantive business evolution.
SHENZHEN, July 09, 2025 (GLOBE NEWSWIRE) -- MingZhu Logistics Holdings Limited (“MingZhu” or the “Company”) (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on July 7, 2025, it executed a non-binding memorandum of understanding (“MOU”) with ENEXTREND.VN COMPANY LIMITED (“Enextrend”), a Vietnam registered company which owns the emerging cross-border e-commerce platform – Muamau Mall. The strategic partners plan to leverage their respective expertise and resources to build a high-performance cross-border logistics and supply chain efficiency. The term of the MOU is two-years, commencing from July 7, 2025 and ending on July 6, 2027, unless terminated earlier by both parties. Continuation of the cooperation contemplated by this MOU is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive cooperation agreement, satisfaction of the conditions negotiated therein including the approval of the Company’s board of directors. There is no assurance that a definitive agreement will be entered into or that the proposed cooperation will be consummated. The Company will provide further disclosure as required by the U.S. Securities and Exchange Commission as the project progresses.
Both parties plan to establish a strategic partnership based on resource sharing and complementary advantages. As a company focusing on logistics and supply chain management, MingZhu aims to achieve common development and enhance the core competitiveness of both parties. It plans to provide Enextrend with efficient and reliable logistics and supply chain services to support the rapid development of its e-commerce business and improved customer experience. The Company plans to combine the resource advantages of both parties to promote market expansion, and through the joint development of innovative logistics products and technologies, improve the intelligence level of the supply chain, and achieve product innovation and technology upgrades to meet the ever-changing market needs. The goal of the planned cooperation is to reduce operating costs, improve efficiency, enhance customer satisfaction, achieve other mutual benefits for both parties, and to jointly open up a broader market.
About Enextrend
Enextrend is headquartered in Ho Chi Minh City, Vietnam. It owns and operates the Muamau Mall with a website of muamau.com. Muamau Mall is an emerging cross-border e-commerce platform that focuses mainly on fashion and sports products but also offers other categories such as daily necessities. It originated in Southeast Asia and operates in Vietnam and the United States. Muamau Mall’s core strategy is to provide competitive prices and efficient logistics to meet consumers’ demand for affordable goods and fast delivery.
About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)
Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company’s regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors’ fleets. For more information, please visit ir.szygmz.com.
Forward-Looking Statements
The statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words “may”, “will”, “want”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “calculate” or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company’s strategic objectives, the Company’s future plans, market demand and user acceptance of the Company’s products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company’s reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China’s macroeconomic conditions, and the risks and assumptions disclosed in the Company’s reports provided to the CSRC (China Security Regulatory Commission) For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company’s relevant SEC filings for additional factors that may affect the Company’s future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.
For further information, please contact.
MingZhu Logistics Holdings Limited:
Jingwei Zhang
Email: company@szygmz.com
Phone: +86 186-5937-1270
FAQ
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