FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “TD Holdings, Inc. Announces Entry into Non-Binding Letter of Intent for the Acquisition of Two Companies to Step into Unmanned Logistics and New Energy Vehicle Industry”
TD Holdings, Inc. (NASDAQ: GLG), a commodities trading service provider in China, today announced that it has entered into a non-binding letter of intent (the “LOI“) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (“Jinbochuang“) and Hunan Jinmeike New Material Co., Ltd. (“Jinmeike“) and their shareholders to acquire both Jinbochuang and Jinmeike to step into the unmanned logistics and new energy vehicle industry.
TD Holdings, Inc. is a service provider currently engaging in commodity trading business and supply chain service business in China. Its commodities trading business primarily involves purchasing non-ferrous metal product from upstream metal and mineral suppliers and then selling to downstream customers. Its supply chain service business primarily has served as a one-stop commodity supply chain service and digital intelligence supply chain platform integrating upstream and downstream enterprises, warehouses, logistics, information, and futures trading.
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