Reitar Logtech establishes Pine Forest Holdings for food supply chain

Published 07/07/2025, 13:24
Reitar Logtech establishes Pine Forest Holdings for food supply chain

HONG KONG - Reitar Logtech Holdings Limited (NASDAQ:RITR), a $331 million market cap company whose stock has surged 18.57% in the past week, announced Monday the establishment of a new wholly owned subsidiary, Pine Forest Holdings Limited, focused on vertically integrated food supply chain operations.

The subsidiary will integrate approximately 1,333 hectares across eight agricultural bases in mainland China through collaboration with Rich Harvest Agricultural Produce Limited, according to a company press release.

Pine Forest Holdings will consolidate operations within Reitar’s automated cold chain warehouse in Kwai Chung, which spans over 200,000 square feet. The facility will serve as a hub for centralized cold storage and secondary distribution.

The new subsidiary plans to implement blockchain traceability systems, digital payment integration, and intelligent cold chain management using IoT and AI technologies for real-time monitoring.

Reitar previously announced a digital asset reserve strategy of up to $1.5 billion and plans to introduce proprietary RBTC token and RHKD stablecoin, both anchored by Bitcoin, as payment and settlement tools within its ecosystem.

The company intends to expand its model to Southeast Asia markets, focusing on digitalization and modernization of food circulation in the Greater Bay Area.

Reitar Logtech, which went public on NASDAQ in 2024, describes itself as a comprehensive industry solution provider focused on "Property + Logistics Technology" in Asia. InvestingPro analysis reveals 13 additional key insights about RITR’s valuation and growth prospects, with the company currently maintaining a "GOOD" overall financial health score.

In other recent news, Reitar Logtech Holdings Ltd has announced a strategic plan to acquire up to $1.5 billion in Bitcoin to strengthen its treasury reserves and support global expansion. This move, disclosed in a filing with the U.S. Securities and Exchange Commission, aligns with a trend among corporations diversifying their treasury holdings with digital assets. Additionally, Reitar Logtech has signed a Memorandum of Understanding with Rich Harvest Agricultural Produce Limited to develop integrated technology solutions for agricultural supply chains. This collaboration will focus on blockchain traceability technology, digital payment solutions, and smart cold chain technology. Furthermore, Reitar Logtech has entered into a preliminary agreement to acquire JingXing Storage Equipment Engineering, aiming to enhance its capabilities in the smart logistics market. This acquisition is part of Reitar’s strategy to expand its service offerings in the competitive logistics industry. The company’s recent developments reflect its efforts to leverage technological advancements and diversify its operational strategies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.