TD Holdings Joins Hand With Eagsen To Develop Intelligent Automobile System Business

TD Holdings Inc GLG has entered into a strategic cooperation framework agreement with Shanghai Eagsen Intelligent Technology Co., Ltd. to jointly develop the intelligent automobile system and digital cloud warehouse business. Deal terms were not disclosed.
Eagsen is a company engaged in the research and development of automotive informatization and intelligence.
Eagsen will provide consulting support for developing an intelligent automobile system, while TD Holdings provides the necessary funding.
Both parties shall jointly own the intellectual properties developed through the alliance.
TD Holdings and Eagsen plan to enter into a definitive agreement with details of the cooperation in the future.
Price Action: GLG shares are trading higher by 1.33% at $0.41 on the last check Wednesday.