Guangdong Jushen Logistics (001202.SZ): Hong Kong Jushen signs an intent letter to construct 2 75-meter floating crane ships.

Guangdong Jushen Logistics (001202.SZ) announced that in order to expand its barge transportation business in countries such as Guinea and Indonesia, improve the company's business layout and long-term development plan, the company plans to establish one or more wholly-owned subsidiaries in Hong Kong through Hainan Jushen Information Technology Co., Ltd. The subsidiary or its affiliated companies will serve as the implementation entities to carry out overseas barge transportation projects. Recently, Hong Kong Jushen signed an "Letter of Intent" with Yangzhou Hairun Shipbuilding Co., Ltd. to build 2 75-meter floating cranes, with a total asset price of 91.98 million yuan.