Qi Jia Holdings (08395.HK) announced that the company has entered into a non-legally binding memorandum of understanding with Mengma Technology on strategic cooperation in the research, development, production, sales and service of advanced intelligent automation equipment in China.
Mengma is mainly engaged in the research and development, production, sales and service of advanced intelligent automation equipment (including edge sweeper, cutting machine, smooth hole machine, polishing machine and packaging machine) which can be used for different consumer and industrial products. Mengma is located in Guanlan Town, Longhua District, Shenzhen City, with a manufacturing and R & D base of nearly 3000 square meters. Its "Mimm" brand already has a series of automation equipment products with independent intellectual property rights.