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CTNT stock jumps 71% after acquiring Hong Kong industrial equipment trader for $4.98M

Company Fundamentals
02 Jun 2026
Mohd Haider
View Source
Bullish
pluang ai news

Cheetah Net Supply Chain Service Inc. (CTNT) shares surged 71.04% in after-hours trading following the completion of its acquisition of Super International Trading Limited, a Hong Kong-based industrial equipment trading company. The deal, valued at approximately $4.98 million in cash, was finalized on May 27, making Super International a wholly owned subsidiary. Despite recent quarterly losses, this strategic acquisition could enhance CTNT's market position in logistics and supply chain services. The stock closed the regular session up 9.64% at $1.82 but remains near its 52-week low amid a challenging year.

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