Asia Express (08620.HK) announced that it will enter into a non-legally binding memorandum of understanding with Aigo Co., Ltd. (Beijing) Technology Co., Ltd on December 30, or enter into potential cooperation on warehousing and logistics and transportation services support for certain health products business.
The company said it was discussing possible ways of working with Patriot to earn foreign exchange, including setting up joint ventures or investing in potential partners. The company is expected to be responsible for providing warehousing services and logistics and transportation support to the sales of certain health products to potential partners, while Aigo Co-earned Foreign Exchange will be responsible for the production and sale of certain health products and will be handed over to the company to provide warehousing and logistics and transportation services support.