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SHENZHEN, China - Mingzhu Logistics Holdings Limited (NASDAQ:YGMZ), a logistics and transportation service provider with a market capitalization of $102 million, has announced its return to compliance with the Nasdaq’s minimum bid price requirement. The Nasdaq Hearings Panel confirmed that Mingzhu’s ordinary shares maintained a closing bid price of $1.00 or more for twenty consecutive trading days from April 17 to May 8, 2025. According to InvestingPro data, the stock has shown strong returns over the past three months despite its historically volatile trading pattern.
This compliance follows the Panel’s decision on March 31, 2025, that outlined the conditions for the company to meet the Listing Rule 5550(a)(2). As part of the compliance measures, a Discretionary Panel Monitor will oversee the company for one year from the notification date, ensuring proactive management of potential compliance issues and sustained adherence to Nasdaq’s listing standards. The company currently shows a weak financial health score according to InvestingPro analysis, with notable challenges in profitability and revenue growth, which declined by 54.6% in the last twelve months.
During this monitoring period, should Mingzhu fail to meet any listing standard, it will not be allowed to submit a compliance plan or be granted additional time to regain compliance for any arising deficiency. Instead, the Listing Qualifications Department will directly issue a Staff Delisting Determination.
Established in 2002 and headquartered in Shenzhen, Mingzhu Logistics Holdings Limited operates a network of logistics terminals in Guangdong Province, providing customized trucking services across China through a combination of owned and subcontracted fleets.
The press release also contained forward-looking statements regarding the company’s future plans and market performance. Investors are reminded that such statements are speculative and subject to a range of risks and uncertainties.
This news article is based on a press release statement from Mingzhu Logistics Holdings Limited.
In other recent news, MingZhu Logistics Holdings Limited has secured a significant coal transport contract with Ruoqiang Tengyue Logistics Co., Ltd. This contract, managed by MingZhu’s subsidiary Shenzhen Yangang Mingzhu Supply Chain Management Co., will last for ten years, concluding in March 2030. Under this agreement, MingZhu will deploy around 300 trucks to facilitate coal transportation services. This development is expected to strengthen MingZhu’s market position and contribute to its growth. The contract highlights MingZhu’s commitment to delivering value to its stakeholders and its ability to support high-profile clients. MingZhu has been based in Shenzhen since 2002 and provides extensive trucking services throughout China. The company utilizes its fleet and subcontractors to ensure comprehensive geographic coverage. These recent developments reflect MingZhu’s dedication to operational excellence within the logistics sector.
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