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REIT Ecological Technology Co., Ltd., a subsidiary of RETO Group, was established as the EOD Project Fund Company of Traditional Chinese Medicine Information Logistics Port in Longxi County, Gansu Province

REIT Ecological Technology Co., Ltd., a subsidiary of RETO Group, was established as the EOD Project Fund Company of Traditional Chinese Medicine Information Logistics Port in Longxi County, Gansu Province

  • Categories:News and Insights
  • Author:ReTo Eco-Solutions,Inc
  • Time of issue:2022-04-21
  • Views:0

(Summary description)On April 20, Gansu Shiyuan Tongda was jointly established by REIT Ecological Technology Co., Ltd., a subsidiary of ReTo Eco-Solutions, Inc. (NASDAQ: RETO), Longxi County State-owned Assets Investment Management Group Co., Ltd., and Hainan Shiyuan Tongda Fund Management Co., Ltd. Private Venture Capital Fund Partnership (Limited Partnership) obtained the approval of Gansu Provincial Market Supervision Administration and completed the registration.

REIT Ecological Technology Co., Ltd., a subsidiary of RETO Group, was established as the EOD Project Fund Company of Traditional Chinese Medicine Information Logistics Port in Longxi County, Gansu Province

(Summary description)On April 20, Gansu Shiyuan Tongda was jointly established by REIT Ecological Technology Co., Ltd., a subsidiary of ReTo Eco-Solutions, Inc. (NASDAQ: RETO), Longxi County State-owned Assets Investment Management Group Co., Ltd., and Hainan Shiyuan Tongda Fund Management Co., Ltd. Private Venture Capital Fund Partnership (Limited Partnership) obtained the approval of Gansu Provincial Market Supervision Administration and completed the registration.

  • Categories:News and Insights
  • Author:ReTo Eco-Solutions,Inc
  • Time of issue:2022-04-21
  • Views:0
Information

On April 20, Gansu Shiyuan Tongda was jointly established by REIT Ecological Technology Co., Ltd., a subsidiary of ReTo Eco-Solutions, Inc. (NASDAQ: RETO), Longxi County State-owned Assets Investment Management Group Co., Ltd., and Hainan Shiyuan Tongda Fund Management Co., Ltd. Private Venture Capital Fund Partnership (Limited Partnership) obtained the approval of Gansu Provincial Market Supervision Administration and completed the registration. The size of the fund can reach RMB 3 billion, which will play a positive role in promoting the stable development and performance improvement of various industries of RETO Group in the future.

 

REIT Ecological and the People's Government of Longxi County signed a framework cooperation agreement at the end of January 2022. The implementation of the two parties is the Longxi County Traditional Chinese Medicine Information Logistics Port EOD project which is combined the ecological management of the Wei River and its tributaries in Longxi County and the ecological restoration of the north and south mountains as foundation and the construction of the traditional Chinese medicine logistics information port industry in Longxi County as the core with rural revitalization.

 

Longxi County, Dingxi City, Gansu Province is one of the four major trading bases of Chinese medicinal materials in China. It is characterized by medicinal materials of origin and connects with the Chinese medicinal materials industry in the five northwestern provinces. The annual transaction volume reaches RMB 30 billion. The industrial foundation is deep, but the development is slow and urgently needed Capital and professional companies carry out industrial integration and upgrading.

 

Mr. Hengfang Li, ReTo’s Chairman and Chief Executive Officer, commented, "Led by industrial funds, REIT Ecological Technology Co., Ltd., Hainan Yile IoT Technology Co., Ltd., Yangpu Fang and Yuan United Logistics Co., Ltd., and Beijing REIT Technology Development Co., Ltd. and other subsidiaries will give full play to their advantages in their respective fields to actively participate in the EOD project of Longxi County Traditional Chinese Medicine Information Logistics Port, create high-quality projects, set up industry models, promote the rapid development of Longxi County's traditional Chinese medicine industry, and contribute to the economic and social development of Longxi County. At the same time, the operating performance of each company of RETO will be improved.

 

About EOD

The EOD (Ecology-Oriented Development) model is guided by the idea of ecological civilization, with sustainable development as the goal, based on ecological protection and environmental governance, supported by characteristic industrial operations, with regional comprehensive development as the carrier, and the extension of the industrial chain is adopted. , joint operation, portfolio development, etc., is an innovative project organization and implementation.

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Copyright © 2016 All rights reserved Reto   Powered by www.300.cn Beijing    京ICP备12027322号  

这是描述信息