Reitar Logtech Celebrates Its NASDAQ Listing with a Closing Bell-Ringing Ceremony
- September 20, 2024
On the afternoon of September 19, 2024 (EST), Mr. John Chan, Chairman and Chief Executive Officer of Reitar Logtech Holdings Limited (“Reitar Logtech”, NASDAQ: RITR), rang the closing bell of the NASDAQ Stock Exchange at the NASDAQ Tower in Times Square, New York. This ceremony marked the Company’s official entry onto the international stage and its commitment to the global market, heralding a new chapter in smart logistics.
Reitar Logtech, which successfully listed on August 23, 2024, is based in Hong Kong and serves as an integrated development platform specializing in logistics assets. It is one of the pioneering companies in Hong Kong to venture into the Property + Logistics Technology (PLT) solutions industry. As a platform that merges asset management with logistics technology, Reitar Logtech offers comprehensive solutions aimed at enhancing asset appreciation and operational efficiency across the logistics sector. The Company is dedicated to connecting the asset, technology, and logistics industries to maximize economic benefits for its clients.
During this momentous occasion, John was joined by his senior management and professional teams in New York to commemorate the milestone. John remarked, “After ringing the closing bell, we have officially embraced our identity as a ‘US-listed company.’ We are committed to enhancing transparency, liquidity, and investment value as we navigate this new chapter. As the global supply chain continues to evolve, we will remain committed to consolidating our leadership in intelligent logistics by building on our past successes, working with our global partners to drive the digital transformation of the supply chain, and leading intelligent logistics into a new era of development to create even greater value for our customers.”
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Reitar Logtech Holdings Limited (Nasdaq: RITR) (the “Company”), is pleased to announce that its wholly-owned subsidiary, Kamui Cold Chain Engineering and Services Limited, has recently won the bid for the fire system upgrade project of a large smart logistics center located on Airport Island, with a contract amount of HKD 231 million (approximately USD 29.6 million).
On the afternoon of September 19, 2024 (EST), Mr. John Chan, Chairman and Chief Executive Officer of Reitar Logtech Holdings Limited ("Reitar Logtech", NASDAQ: RITR), rang the closing bell of the NASDAQ Stock Exchange at the NASDAQ Tower in Times Square, New York.
RBF is increasingly becoming a key driver in the smart logistics sector. This model not only alleviates companies' financial pressures but also fosters innovation and market expansion.
The logistics industry is currently grappling with significant challenges, including business expansion, technology upgrades, and supply chain management. As companies strive to upgrade to smart logistics level, there is an urgent need for substantial financial support. One solution gaining traction is Revenue-Based Financing (RBF), which offers a flexible approach to cash flow management.