Jayud Global Logistics Announces Entry into the North American Market with the Acquisition of HYTX Warehouse Inc.
Jayud Global Logistics Limited (JYD)
Company Research
Source: GlobeNewswire
Further Expansion Addresses Expected Global E-Commerce Logistics Growth of Over 10% Per Year SHENZHEN, China, April 30, 2024 (GLOBE NEWSWIRE) -- Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced a significant expansion into the North American logistics market through its wholly owned subsidiary, Joyed Logistics Services Inc. ("Joyed Logistics"). Joyed Logistics has entered into an equity purchase agreement to acquire a 51% controlling stake in HYTX Warehouse Inc. ("HYTX"), a prominent logistics company headquartered in Azusa, California, with 27 locations across the United States and Canada. Under the terms of the agreement, the equity interests in HYTX will be transferred to Joyed Logistics upon execution, with the purchase price based on HYTX's actual annual average net profit from the acquisition closing date to December 31, 2026
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- Jayud Global Logistics Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price DeficiencyGlobeNewswire
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- Jayud Global Logistics Receives Nasdaq Notification of Non-Compliance with Listing Rule 5550(b)(1)GlobeNewswire
JYD
Sec Filings
- 6/7/24 - Form 6-K
- 6/6/24 - Form F-3
- 6/4/24 - Form RW
- JYD's page on the SEC website