Addentax Group (ATXG) said Thursday it has signed a Memorandum of Understanding for a China-wide partnership with Shenzhen Yingbin Brand Development Co.
Financial details of the planned partnerhsip weren't disclosed.
The partnership memorandum is a strategic step forward for both companies, especially in the branded apparel sector, and opens the door for innovations and new business opportunities, Addentax said.
Shares of Addentax Group fell nearly 5% in recent Thursday trading activity.
Price: 0.56, Change: -0.03, Percent Change: -4.59
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