TAOP Signs Strategic Cooperation Agreement for East China Expansion Project
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: GlobeNewswire
SHENZHEN, June 11, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of blockchain technology and smart cloud services, announces today that it has entered into a strategic cooperation framework agreement (the “Agreement”) with Zhenjiang Economic and Technological Development Zone (“ZETDZ”) for TAOP’s East China expansion project (the “East China Expansion Project”). Pursuant to the Agreement, TAOP will set up a wholly-owned subsidiary in ZETDZ with planned registered capital of $30 million. ZETDZ will provide support in project construction, coordination, and operation within the scope of support policies, and will fully assist in the operation and development of TAOP's East China Expansion Project. As an advanced manufacturing base in the Yangtze River Delta, ZETDZ has a total area of 84.5 square miles. Enjoying an excellent geographical and strategic position at the intersection of the Yangtze River and the Beijing Hangzhou Grand Canal, ZET
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