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Xiamen C&D Inc. Stock Code: 600153.SH

Stock Code: 600153.SH

C&D Inc. and Xingtong Forge Strategic Partnership

Date: 2024-11-07 | Source:C&D Inc.

Recently, C&D Inc. (600153.SH) and Xingtong Co., Ltd. (603209.SH) formalized a strategic cooperation framework agreement, establishing a long-term partnership under the joint witness of C&D Inc. General Manager Cheng Dongfang and Xingtong General Manager Chen Qilong.

As part of this collaboration, Xingtong also signed a joint venture agreement with Xiamen C&D Supply Chain Logistics Technology Co., Ltd., a wholly-owned subsidiary of C&D Inc., to form a joint venture company. The venture will focus on building and operating green, high-end chemical carriers for global chemical shipping. This partnership leverages Xingtong's expertise in managing and operating liquid hazardous goods shipping both domestically and internationally, as well as C&D Supply Chain Logistics Technology’s strengths in platform resources and financial support, as the two companies expand their presence in global chemical shipping.

Through this collaboration, C&D Inc. and Xingtong will leverage their respective strengths to explore innovative models in the global logistics supply chain for liquid hazardous goods, thus aiming to enhance supply chain services for global petrochemical clients and contributing to the optimization of the global chemical industry supply chain.
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