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SDAI ( (SG:5TI) ) has shared an update.
SDAI Limited has signed a joint venture shareholders’ agreement with China-based Hubei Qiai Group to set up QCM Holdings Pte. Ltd. as a new platform to develop and expand the market for moxibustion products across ASEAN. Through this joint venture, the parties aim to combine Hubei Qiai’s established moxibustion manufacturing, R&D and supply chain strengths with SDAI’s regional ambitions to build an international operations platform, with clearly defined shareholdings and governance arrangements, positioning both sides to tap growth opportunities in traditional wellness products in Southeast Asia.
More about SDAI
SDAI Limited, incorporated in Singapore, operates through a group structure and is expanding into the moxibustion products sector in partnership with Hubei Qiai Group Co., Ltd., a leading Chinese manufacturer and retailer of moxibustion products with integrated planting bases, core production technologies, strong R&D capabilities and a mature domestic sales network.
Current Market Cap: S$33.97M
See more data about 5TI stock on TipRanks’ Stock Analysis page.