On December 2, jisheng gp hldg (08133.HK) announced that its wholly-owned subsidiary, ASEAN Starch Supply Chain Management Co., Ltd. ("ASEAN Starch"), has entered into a memorandum of understanding with Guangxi Mingyang Supply Chain Management Co., Ltd. on the announcement date, with the intention to cooperate in exploring and developing starch supply chain related businesses in China.
Mingyang Supply Chain is a limited company established in China, mainly engaged in cassava starch supply chain management services, including providing overseas procurement, supply chain finance services, logistics transportation, and downstream sales management services for the entire chain.
Mingyang Supply Chain has rich resources and a professional team in the starch industry. Through cooperation with Mingyang Supply Chain, the group can utilize its market network in the starch industry to further expand the group's business coverage, increase business opportunities, and provide flexible funding solutions to support the group's business development and expansion. The board of directors believes that the strategic cooperation aligns with the group's long-term development goals and business development strategy, and is in the overall interest of the company and shareholders. The company will continue to monitor industry trends, fully leverage the comprehensive benefits of strategic cooperation, actively expand into new businesses, and create greater value for shareholders.