Xinning Logistics set up US subsidiary in 3.5 million USD

Securities Times Network (www.stcn.com) September 23 Xinning Logistics (300013) September 23 Noon announcement, the company intends to use its own funds in the United States to invest in the establishment of a wholly-owned subsidiary "Xinning Holdings (USD) Co.,ltd", the investment amount of 3.5 million U.S. dollars. The company is mainly engaged in international logistics business, including logistics project investment, logistics Enterprise equity investment and related investment in fixed assets. Financial profit, current savings rate 1000% in the face of the domestic logistics industry market competition environment, the company hopes to intervene in the international market supply chain management to enhance the service brand and influence, so as to ensure that the company sustained, stable and rapid development. The new company will continue to carry out investment in logistics related projects, so that the company's services to customers including the international market logistics business, the provision of Third-party integrated logistics services.