Zhongchuang Logistics (603967.SH) plans to sign an investment agreement with MEDLOG S.A., to build a cold chain-based integrated logistics platform company

Zhitong Finance App News, Zhongchuang Logistics (603967.SH) announced that it plans to sign an investment agreement with MEDLOG S.A., a wholly-owned subsidiary of Mediterranean Shipping Company, to transfer 100% of the shares held by the company in Zhongchuang Logistics (Tianjin) Co., Ltd. (“Zhongchuang Tianjin”), 90% of Shanghai Zhileng Supply Chain Co., Ltd. (“Shanghai Zhileng”), and Ningbo Meishan Free Trade Port Zone Yuanda Supply Chain Management Co., Ltd. (“Ningbo Meishan Yuanda”) to Haichuang Zhileng Supply Chain (Shanghai), a wholly-owned subsidiary of China Chuang Logistics After the limited company (“Platform Company” for short), MEDLOG S.A., will increase its capital to the platform company. After the capital increase, MEDLOG S.A., and China Chuang Logistics will each hold 50% of the platform company's shares.

According to reports, MEDLOG S.A. is an independent logistics operator and an expert in multimodal transport solutions. MEDLOG S.A., part of the MSC Group, is a private company headquartered in Geneva, Switzerland. As one of the most geographical logistics and supply chain operators in the world, MEDLOG S.A. continuously invests in proprietary assets such as inland logistics platforms, warehouses, trucks, locomotives, and barges. MEDLOG S.A. operates in more than 80 countries and guarantees tailored door-to-door solutions and large off-dock storage facilities supported by a team of experts.

The company said that it will effectively integrate resources to form business collaborations in cold chain, container storage/storage, cargo storage, etc., upgrade its business scale, and further enhance the company's competitive strength in the Tianjin, Shanghai and Ningbo markets.