Zixin Group's (SGX:42W) subsidiary, Zixin Enterprise (Singapore), established a joint venture company, Zixin Fresh Import & Export, with AANDJ Group to start on its fresh agricultural products distribution business in the city-state, according to a Monday filing with the Singapore Exchange.
AANDJ focuses on consultancy, trade, and strategic business development, with focus on fresh produce supply chains, operations, and digitalization initiatives.
Based on the agreement, Zixin Singapore will have a 70% stake in the JV, while AANDJ will have a 30% interest.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments