Cheetah Net Supply Chain Service Inc. Enters into Agreement to Acquire JoyPak Supply LLC
Cheetah Net Supply Chain Service Inc. (Nasdaq: CTNT) signed a Membership Interest Purchase Agreement to acquire 100% of JoyPak Supply LLC for an aggregate cash purchase price of $788,000. JoyPak, a Nevada limited liability company, sells consumer, beauty, personal care and other everyday-use products. Closing is expected within four weeks of signing, subject to Cheetah's due diligence review and other closing conditions, after which JoyPak becomes a wholly owned subsidiary.
Key figures
- Deal Value Usd
- 788000
- Payment type
- cash
- Expected closing
- within four weeks of execution of the Agreement, subject to due diligence and closing conditions
- Acquisition stake
- 100% of membership interests
AI analysis
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