Cheetah Net Supply Chain Service enters agreement to sell Edward Transit Express Group to Bing Shao; purchase price set at $20,000

Reuters03-26 04:11
Cheetah Net Supply Chain Service enters agreement to sell Edward Transit Express Group to Bing Shao; purchase price set at $20,000
  • Cheetah Net Supply Chain Service entered into a stock purchase agreement to sell its wholly owned subsidiary, Edward Transit Express Group, to Bing Shao.
  • The deal covers 10,000 shares, representing 100% of the subsidiary’s outstanding common stock.
  • The purchase price is USD 20,000, payable in cash at closing.
  • Closing is expected within 20 days of signing, subject to mutual agreement by the parties.
  • The parties also agreed to reciprocal non-disparagement commitments as part of a support and restrictive covenant agreement.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cheetah Net Supply Chain Service Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-034519), on March 25, 2026, and is solely responsible for the information contained therein.

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