Printer Friendly

Shineco reports launch of CNY8m contract with Huangpu.

M2 EQUITYBITES-December 14, 2017-Shineco reports launch of CNY8m contract with Huangpu

(C)2017 M2 COMMUNICATIONS http://www.m2.com

Chinese herbal medicine Shineco Inc (NASDAQ:TYHT) said on Wednesday that its Tianjin Tajit E-Commerce Ltd subsidiary has entered into a CNY8m supply contract with Huangpu International Limited, a community e-commerce company in China.

Huangpu International Limited reportedly operates its own community e-commerce platform, Xiaohongshu, at http://www.xiaohongshu.com and designed to enable younger generations to purchase desirable products all around the world through the Internet.

Under the terms of the agreement, Huangpu is expected to purchase CNY8m worth of products from Shineco plus distribute Shineco's products through its e-commence platform at www.xiaohongshu.com.

In connection with the agreement, Shineco will provide Huangpu with necessary assistance during the distributing process.

(USD1=CNY6.61)

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Dec 14, 2017
Words:145
Previous Article:Luminex's board approves USD0.06 per share dividend for Q4.
Next Article:NeuroVive reports on grant of orphan drug designation for KL1333 programme by European Commission.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters