IRVINE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) — Cheetah Internet Provide Chain Service Inc. (Cheetah or the Firm) (Nasdaq CM: CTNT) immediately introduced that it has executed definitive agreements (the Agreements) for the acquisition (the Acquisition) of TW & EW Providers Inc, a California-based labor and logistics service supplier (TW & EW). The Acquisition is predicted to shut on or about December 4, 2024. With TW & EW’s integration, Cheetah expects to capitalize on further service alternatives, and strengthen its place as a complete provide chain options supplier.
Tony Liu, Chairman and CEO, commented, [w]ith the Agreements now executed, we look ahead to closing the Acquisition and to integrating TW & EW’s operations into Cheetah as quickly as doable. This transfer strengthens our place within the logistics sector by incorporating TW & EW’s experience basically labor and logistics help companies, enabling us to streamline operations and create further worth for our stakeholders. With this acquisition, we look ahead to delivering enhanced companies to each present and future clients.
About Cheetah Internet Provide Chain Service Inc.
Cheetah Internet is a supplier of logistics and warehousing companies, traditionally related to the sale of parallel-import autos sourced within the U.S. to the PRC market and now targeted on transporting a broader vary of products between the U.S. and the Folks’s Republic of China. Established in 2016 as a vendor of luxurious parallel-import autos, Cheetah has transitioned towards non-vehicle commerce and logistics companies in response to market challenges. In February 2024, Cheetah expanded its footprint within the logistics and warehousing trade. Cheetah stays dedicated to adapting to evolving market circumstances and delivering worth to its stakeholders via strategic realignment and repair enlargement.
Ahead-Trying Statements
This press launch comprises sure forward-looking statements, together with statements which can be predictive in nature. Ahead-looking statements are based mostly on the Firm’s present expectations and assumptions. The Personal Securities Litigation Reform Act of 1995 gives a secure harbor for forward-looking statements. These statements could also be recognized by means of forward-looking expressions, together with, however not restricted to, anticipate, consider, proceed, estimate, count on, future, intend, might, outlook, plan, potential, predict, mission, ought to, will, would, and comparable expressions that predict or point out future occasions or tendencies or that aren’t statements of historic issues, however the absence of those phrases doesn’t imply {that a} assertion is just not forward-looking. The Firm undertakes no obligation to publicly replace any forward-looking assertion, whether or not because of new data, future occasions or in any other case. Vital elements that might trigger precise outcomes to vary materially from these within the forward-looking statements are set forth within the Firm’s filings with the  U.S. Securities and Alternate Fee, together with its registration assertion on Type S-1, as amended, underneath the caption Danger Elements.
For extra data, please contact:
Supply: Cheetah Internet Provide Chain Providers Inc
Enterprise
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