HK Stock Market Move | MIXUE GROUP (02097) rose more than 3% in the morning and is planning to collaborate with Anjun Express in Brazil to carry out cold chain cooperation in the near future.

MIXUE GROUP (02097) rose more than 3% in the morning, up 2.79% to HK$405 at the time of writing, with a turnover of HK$87.43 million. On the news front, according to the official WeChat account of Anjun Express, on October 29th, local time in Brazil, Anjun Express Brazil and Mishi Xuebingcheng Brazil held a strategic cooperation signing ceremony in So Paulo. According to the agreement, Anjun Express will build food-grade frozen and refrigerated warehouses exclusively for Mishi Xuebingcheng in So Paulo. At the same time, it will comprehensively undertake Mishi Xuebingcheng's food, equipment, and raw material warehousing, urban distribution, and cold chain transportation services throughout Brazil, building an integrated cold chain logistics system from warehousing to end users. In mutual cooperation, Mishi Xuebingcheng will leverage its mature cold chain operations experience in China to provide Anjun Express with Chinese cold chain storage, transportation, and city distribution management process standards and operational guidance, helping Anjun Express quickly establish cold chain service capabilities in line with industry standards.