Cheetah Net Supply Chain Service Acquired by Bing Shao | Logistics M&A Deal

Bing Shao has acquired Cheetah Net Supply Chain Service, a freight brokerage business in California, for $0.01. Cheetah Net Supply Chain Service provides ocean package transportation and freight forwarding services, supporting logistics and transportation customers through freight brokerage operations. The Cheetah Net Supply Chain Service acquisition expands Bing Shao acquisitions into logistics M&A and CA acquisitions tied to supply chain services. The other acquisition is announced and structured as a stock purchase agreement involving Seller, Buyer, and Edward Transit Express Group, Inc., with deal size under $10M and closing terms governed by customary representations, warranties, and indemnification provisions.