Haoxin Holdings begins due diligence on U.S. trucking acquisition

Haoxin Holdings Limited, a China-based temperature-controlled truckload and urban delivery services provider, has begun due diligence on a potential U.S. trucking acquisition, according to a press release. The company has engaged a business broker to identify opportunities in the U.S. logistics sector and has submitted a due diligence request package to evaluate a potential acquisition.

Haoxin Holdings has not entered into a letter of intent or definitive acquisition agreement, and no transaction terms have been agreed upon. The company's CEO, Zhengjun Tao, stated that the acquisition would be consistent with the company's strategy to expand its transportation and logistics capabilities into North America.

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