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Stock impact report

ReTo Eco-Solutions Secures Major Port Contract Valued at RMB 5 Million

ReTo Eco-Solutions, Inc. - Common Shares (RETO) 
Company Research Source: PR Newswire
BEIJING, July 23, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop, total technology solutions provider for the healthy improvement of ecological environments, today announced it secured a contract from the Jiangsu Xinyi Port Terminal valued at RMB 5 million, of which RMB 3 million has been received. The Jiangsu Xinyi Port Terminal is a major hub for commerce in China and internationally. The Jiangsu Xinyi Port currently allows 2,000-ton ships to reach Xinyi directly from the Beijing-Hangzhou Canal, with an annual handling capacity of 4.5 million tons. A nearly complete expansion project is adding an additional 800 acres with 19 2,000-ton berths. The Jiangsu Xinyi Port is also transforming the combined road, rail and water transportation system to better optimize logistics and reduce costs, in order to build development and economic advantages.In order to complete the contract effectively and efficiently, ReTo will use its propri Show less Read more
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