Marwynn's stock price soared after announcing the intention to acquire DJ Mex equity stake

Investing.com – Marwynn Holdings Inc. (NASDAQ:MWYN) stock surged 20.6% in after-hours trading on Tuesday after the company announced the signing of a non-binding letter of intent to acquire a 51% stake in U.S. electronic waste specialist DJ Mex Corp.

The proposed acquisition aims to expand Marwynn’s EcoLoopX platform, which provides electronic waste reverse supply chain services, including procurement, logistics coordination, and trade facilitation, without engaging in actual physical processing operations. The deal is expected to strengthen Marwynn’s circular economy network and enhance its capabilities in electronic waste and recyclable materials management.

Marwynn CEO Yin Yan stated, “Signing this letter of intent is an important milestone for the expansion of our EcoLoopX platform, which will enhance Marwynn’s ability to reposition its portfolio toward higher-value, recurring revenue activities.”

If the transaction is completed, DJ Mex will operate as a controlling subsidiary under the Marwynn EcoLoopX platform, with its existing management team continuing to lead operations. The deal remains subject to due diligence, successful negotiation of a definitive agreement, and the satisfaction of customary closing conditions.

DJ Mex Corp. CEO Jeff Yang expressed enthusiasm for the potential partnership, noting that it will provide his company with “additional resources, strategic support, and access to capital markets to accelerate our growth.”

This proposed acquisition is expected to support cross-border supply chain operations between the U.S., Latin America, and Asia, while also accelerating the growth of Marwynn’s light-asset platform.

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