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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.
Reitar Logtech Holdings Limited ("Reitar Logtech") (NASDAQ: RITR) has officially listed on the Nasdaq stock market on August 23, 2024. This marks an important milestone in the company's internationalization, also signifies Reitar Logtech's commitment to driving the formation of smart logistics ecosystem, injecting new momentum into the industry.
At the core of smart logistics development, the strongest driving force is undoubtedly " Capital flow ".
"Smart Logistics" should be about enhancing the stability of the supply chain and achieving smooth operation of the logistics supply chain, with AI as just one component.
These trends reflect the logistics industry's transformation from asset-heavy to asset-light, and from single services to ecosystem-based models. Going forward, logistics companies will need to digitally transform and collaborate across the value chain to drive greater intelligence and efficiency industry-wide.