TD Holdings, Inc. Announces Strategic Cooperation with Guangdong Enterprise Investment Promotion Association to Develop Lightweight New Materials Business
TD Holdings, Inc. (GLG)
Company Research
Source: PR Newswire
SHENZHEN, China, Sept. 23, 2021 /PRNewswire/ -- TD Holdings, Inc. (Nasdaq: GLG) (the "Company"), a commodities trading service provider in China, today announced that the Company entered into a strategic cooperation framework agreement (the "Agreement") on September 17, 2021 with Guangdong Enterprise Investment Promotion association ("GEIP"), a not-for-profit organization founded by leading enterprises, financial institutions, investment institutions, and government investment promotion agencies, in Guangdong province. Pursuant to the Agreement, the Company plans to develop a lightweight new materials business in China. GEIP agrees to provide assistance and services to the Company by using its extensive resources, assisting the Company with launching its lightweight new material business, jointly establish an industry guidance fund with local governments, as well as launching the Company's smart digital cloud warehouse. The parties plan to enter into a definitive agreement with detail
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