Reitar Logtech (RITR)announced the commencement of a spin-off plan for its logistics automation segment. This follows the company’s recent acquisition of Jingxing Storage Equipment Engineering, which has been integrated as a subsidiary of the group. The spin-off aims to establish the logistics automation unit as an independent capital markets entity focused on smart warehousing, integrated logistics automation hardware/software solutions, and data-driven technologies. The company will continue pursuing acquisitions within the smart logistics ecosystem to vertically and horizontally integrate resources, developing end-to-end solutions.
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