Chinese manufacturing company Addentax Group Corp ATXG has signed a Memorandum of Understanding (MOU) with the brand management company Zhongjiu Yihe (Shenzhen) Brand Development Co., Ltd.
Addentax is an integrated service provider focusing on garment manufacturing, logistics service, property management, and subleasing. Zhongjiu Yihe offers an array of services encompassing brand supply chain, product supply chain, and marketing supply chain.
The MOU represents a strategic step forward in collaboration, particularly within the domain of branded apparel.
The collaboration also opens avenues for exploration and innovation in various business sectors for Addentax.
"Our collaborative vision with Zhongjiu Yihe aims to establish an encompassing brand supply chain, product supply chain, and marketing supply chain service in China," said Hong Zhida, CEO of Addentax.
Addentax specializes in garment manufacturing, logistics services, and property management and subleasing.
Price Action: ATXG shares are trading lower by 12.32% at $1.1399 on the last check Friday.
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