SITC logistics(HK) Co., Ltd has finished the share acquisition of 60% shares of Qingdao Smartcargo Logistics Co.,Ltd and smoothly takeover it. Both Shareholders will jointly operate the depot of 50,000㎡ and warehouse of 15,000 ㎡in Huangdao district, Qingdao, the company said in its press release.
Qingdao Smartcargo Logistics Co.,Ltd is another logistics park invested by SITC International Holding in Qingdao besides SITC International Logistics Park. The logistics park has superior geographical position, convenient transportation, which will further expand SITC’s scale of logistics park in Qingdao and become a powerful supplement of SITC International Logistics Park.