Cheetah Net Acquires JoyPak Supply for $788,000 in Cash
Cheetah Net (NYSE:CMCM) has agreed to acquire JoyPak Supply, a Nevada-based company specializing in consumer and beauty products, for $788,000 in cash. The acquisition is expected to expand Cheetah's business beyond logistics into new product categories such as personal care and everyday-use items. This move follows the company’s May 2026 purchase of Super International Trading Limited, which marked its entry into international industrial equipment trading. However, no financial details about JoyPak were disclosed in the announcement, making it difficult for investors to gauge potential returns from this acquisition. The transaction is subject to due diligence and other closing conditions, with a projected completion within four weeks of signing. Investors are advised to monitor subsequent disclosures regarding integration plans and performance metrics as they become available.
