Marwynn Holdings Signs LOI to Acquire 51% Stake in DJ Mex Corp
Marwynn Holdings announced the signing of a non-binding letter of intent to acquire a 51% equity interest in DJ Mex Corp. A non-binding LOI, under which Marwynn would acquire 51% of the issued and outstanding equity interests of DJ Mex, subject to due diligence, successful negotiation of definitive agreements, and customary closing conditions. There can be no assurance that a definitive agreement will be executed, or that the transaction will be completed on the proposed terms or at all. Upon completion, DJ Mex is expected to operate as a majority-owned subsidiary within Marwynn's EcoLoopX platform. Integration of DJ Mex into Marwynn's existing EcoLoopX platform and continuation of DJ Mex's existing management team and operations is expected. "Signing this LOI is an important milestone in the expansion of our EcoLoopX platform, which enhances Marwynn's ability to reposition its portfolio toward higher-value, recurring-revenue activities," said Yin Yan, Chief Executive Officer of Marwynn. "DJ Mex brings a strong operating foundation, experienced management team, and established commercial network, which will serve us well as we continue to grow our business and create long-term value."
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