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HONG KONG - Reitar Logtech Holdings Limited (NASDAQ:RITR), whose stock has surged 23.9% in the past week and currently trades at $6.48, has signed a strategic Memorandum of Understanding with Rich Harvest Agricultural Produce Limited to develop integrated technology solutions for agricultural supply chains, according to a press release statement issued Thursday. According to InvestingPro analysis, the company appears to be trading above its Fair Value, with 16 additional key insights available to subscribers.
The collaboration aims to combine blockchain traceability technology, digital payment solutions, and smart cold chain technology to create an innovative agricultural supply chain ecosystem.
Rich Harvest operates eight farming bases across mainland China covering over 1,333 hectares, with locations in Ningxia, Guizhou, Henan, Hebei, Jiangxi, Xinjiang, Heilongjiang, and Guangdong Qingxin. The company has established a farm-to-table traceability system based on barcode and RFID tracking. Reitar, with a market capitalization of $321 million and impressive revenue growth of 231% in the last twelve months, brings significant technological capabilities to this partnership.
Under the proposed collaboration, Rich Harvest will utilize Reitar’s automated cold chain infrastructure and technical solutions, including IoT sensing technology for real-time monitoring and access to Reitar’s automated cold storage facilities in Kwai Chung.
The implementation plan outlines a two-phase approach. Phase 1, targeted for Q4 2025, will launch a pilot project exporting approximately 30 tons of fresh food daily from Rich Harvest’s Guizhou farm to Hong Kong. Phase 2, targeted for Q1 2026, will focus on onboarding Hong Kong retailers to a digital payment system and retrofitting cold chain fleets with blockchain temperature control.
The MOU framework includes the joint development of a blockchain system for recording farming, harvesting, transportation, and sales data; exploration of digital payment solutions including Reitar’s proposed stablecoin payment system; and integration of agricultural operations with automated cold storage capabilities.
Rich Harvest, founded in 2006, supplies fresh produce and meat to Hong Kong, Macau, and mainland China. Reitar Logtech Holdings Limited went public on NASDAQ in 2024 as a provider of Property Logistics Technology solutions. InvestingPro data shows the company maintains a strong financial health score, with a current ratio of 1.68 indicating solid liquidity. Unlock comprehensive financial analysis and discover more strategic insights with an InvestingPro subscription.
In other recent news, Reitar Logtech Holdings Ltd has announced a strategic plan to acquire up to $1.5 billion in Bitcoin, as disclosed in a filing with the U.S. Securities and Exchange Commission. This move is part of the company’s strategy to strengthen its treasury reserves and support global expansion efforts. By investing in Bitcoin, Reitar Logtech aims to enhance its financial stability and leverage digital assets as a hedge against traditional financial market fluctuations. In addition to its cryptocurrency acquisition, Reitar Logtech has signed a Memorandum of Understanding to acquire JingXing Storage Equipment Engineering. This acquisition is intended to bolster the company’s position in the smart logistics market by leveraging JingXing’s expertise in storage solutions. The acquisition, detailed in an SEC Form 6-K filing, is subject to customary closing conditions and regulatory approvals. Analysts and industry observers are closely monitoring these developments, as they represent significant shifts in Reitar Logtech’s market strategy. These recent announcements underscore the company’s commitment to expanding its capabilities in the logistics technology sector.
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