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Smart Globe Holdings Acquiring Land in Zambia, Enters MOU for Business Cooperation
Smart Globe Holdings Expands in African Logistics Sector
Smart Globe (01481.HK) plans to acquire land for 3.5 million US dollars to develop into a one-stop logistics center for cross-border logistics operation between Zambia and Congo (Kinshasa).
Gelonghui reported on November 26 that smart globe (01481.HK) announced that the group has ventured into logistics operations in Sub-Saharan Africa. Currently, the group has successfully established its own fleet of trucks and has begun logistics operations in Zambia. To further develop its logistics business, the group has agreed to acquire land adjacent to the Zambia and Congo (DRC) border for a cost of 3.5 million USD. The group plans to develop this land into a one-stop logistics center for cross-border logistics operations between Zambia and the Congo (DRC). As part of the group's plan to develop this land, Tera Logistics (a wholly-owned subsidiary of the company)
Express News | Smart Globe - to Acquire Land Adjacent to Border of Zambia & Drc for $3.5 Mln
Hong Kong stock industry concept tracking | Paper companies have set off a new round of price increases, signaling the industry's bottoming out and rebound (with concept stocks).
Since October, many papermaking companies have carried out one or more rounds of price increases. Recently, more companies have announced price adjustment plans for their multiple facilities, leading to paper enterprises in various regions following suit. The entire papermaking industry has ignited a new wave of price hikes.
How is the outlook for the papermaking peak season? Manufacturers are cautiously optimistic, with cost control still being the main theme|Industry News
1. The papermaking peak season has started, and many paper mills hold cautious optimism expectations; 2. The industry was flat in the first three quarters, and the cost advantages of leading paper enterprises are showing; 3. There are many factors causing differences in gross profit of paper enterprises, with inventory management being the core; 4. The pressure of rising paper prices in Q4 still exists, and paper enterprises still need to compete in cost control.
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