China Overseas Property Holdings Ltd. Renews Procurement and Supply Chain Management Agreement

Reuters
22 May
China Overseas Property Holdings Ltd. Renews Procurement and Supply Chain Management Agreement

China Overseas Property Holdings Ltd. has announced the renewal of its Material Procurement and Supply Chain Management Services Agreement. The agreement involves Shenzhen Lingchao Supply Chain Management Co., Ltd., a wholly-owned subsidiary of China Overseas Land and Investment Ltd. $(COLI)$. This renewal allows the COPML Group to continue utilizing an e-commerce system tailored to its procurement needs for sourcing and purchasing goods and materials necessary for its property projects in the People's Republic of China. The system will provide information on suppliers and unit prices, streamlining the coordination, organization, and delivery of essential materials.

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