Haoxin Holdings explores U.S. logistics acquisition

• Haoxin Holdings engaged a business broker to evaluate a potential acquisition of a U.S.-based trucking company.
• The company submitted a buyer due diligence request package after receiving preliminary seller information, marking the early stages of its North American expansion initiative.
• The company expects to apply its established fleet management practices and service standards to the acquired business if a transaction is finalized.

Haoxin Holdings (NASDAQ:HXHX) engaged a business broker to evaluate potential logistics acquisitions as part of its North American expansion initiative.

The company received preliminary seller information regarding a U.S.-based trucking company and subsequently submitted a buyer due diligence request package.

The evaluation remains at an early stage with no letter of intent or definitive acquisition agreement currently signed.

The company stated that no specific transaction terms have been agreed upon with the potential seller.

Any potential acquisition remains dependent on satisfactory due diligence, agreement on terms, and the successful execution of definitive agreements.

If a transaction proceeds, the company expects to evaluate applying its existing fleet management practices to the acquired business while considering local market conditions and U.S. laws.