National United Resources Eyes Seafood Trade, Supply Chain Partnership; Shares Rise 12%

MT Newswires Live05-29

National United Resources (HKG:0254) entered into a strategic cooperation agreement with Harbin Hongzemeng Import and Export to establish a comprehensive strategic partnership, according to a Thursday Hong Kong bourse filing.

Shares of the firm were up nearly 12% in late morning trade on Friday.

Under the agreement, National United Resources intends to purchase high-end frozen-at-sea and live seafood products, including king crab, from Hongzemeng, which has agreed to supply the products.

The companies will also explore cooperation in trade projects and supply chain development, including potential investments, joint ventures, import activities, and supply chain services.

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