Recently, Xiamen C&D Supply Chain Logistics Technology Co., Ltd, a subsidiary of C&D (600153.SH), and CTS International Logistics Corporation Limited held a joint venture kick-off meeting in Xiamen C&D International Building.

According to the cooperation agreement signed this time, CTS Logistics would hold 51% equity in the joint venture company and C&D Supply Chain Logistics would hold 49% equity. The joint venture company would be mainly engaged in the international supply chain logistics operation business of bulk commodities and consumer goods, aiming to enhance the independent and controllable capability of industrial chain supply chain enterprises in the field of global bulk commodity supply chain logistics and to ensure the stability and security of supply chain business.