Sino-Global Signs MOU with Yunnan Jingyifeng Supply Chain Management to Address Growing Need for Exported Fuel and Agricultural Products to China
Sino-Global Shipping America, Ltd. (SINO)
US:NASDAQ Investor Relations:
sino-global.com
Company Research
Source: PR Newswire
ROSLYN, N.Y., June 25, 2020 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NASDAQ: SINO) ("Sino-Global", the "Company" or "we"), a non-asset based global shipping and freight logistic integrated solution provider, today announced that it has signed a Non-Binding Memorandum Of Understanding ("MOU") with Yunnan Jingyifeng Supply Chain Management Co Ltd ("JYF") to jointly develop the business of exporting products to China. These products include sulphur, vegetable oil, soybean, barley, wheat, and dried grains with solubles, which are used for fuel production, feeding, and other agriculture needs. The Company has seen a considerable increase in export demand following the January 15, 2020 signing of the U.S.-China Phase 1 deal, which included China's commitment to purchase $200 billion of U.S. products over the next two years. These products include fertilizer raw materials such as sulfuric acid, phosphoric acid, ammonia and niche categories of sulfur, along with agricultural produc
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