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Shenzhen GEM Signs MOU with Mitsui, Honest for Vehicle Recycling Base in Wuhan
Apr 11,2014 11:01CST
company news
Source:SMM
Shenzhen GEM High-Tech Co. signed a memorandum of understanding with Mitsui & Co. and Honest Co. to jointly invest in a vehicle recycling base in Wuhan city of central China.

SHANGHAI, Mar. 18 (SMM) - Shenzhen GEM High-Tech Co. signed a memorandum of understanding with Mitsui & Co. and Honest Co. to jointly invest in a vehicle recycling base in Wuhan city of central China.

Such a venture ``accords with the three companies’ shared strategic interests as well as Chinese government’s promulgated industrial policy of building a circular economy’’, Shenzhen GEM said in a filing to Shenzhen Stock Exchange today.

The MOU will be valid for a year in which time Shenzhen GEM and the two Japanese companies will carry out market research in Wuhan and nearby areas in Hubei province, it said.

 

Shenzhen GEM High-Tech Co.
Mitsui & Co.
Honest Co.
China used car market

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