TD Holdings Collaborates With Yangpu Economic Development Zone To Drive Commodity Trading

Chinese commodities trading service provider TD Holdings Inc GLG subsidiary Hainan Baiyu Cross-border E-commerce Co., Ltd, inked a trade cooperation agreement with the Yangpu Economic Development Zone to expand its commodity trading business.
The agreement shall be in effect until Dec. 31, 2022.
The Yangpu Economic Development Zone is Hainan's most prominent economic zone and China's first national-level development zone.
TD Holdings agreed to commence its commodity trading business in the Yangpu Economic Development Zone. The Yangpu Economic Development Zone management committee decided to grant the company preferential policies.
TD Holdings plan to explore the Southeast Asian market through cross-border e-commerce business and increase brand awareness in the commodity trading market.
Price action: GLG shares traded higher by 28.8% at $1.15 in the premarket session on the last check Friday.