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Zixin Group sets up joint venture company with AANDJ Group on fresh agricultural products distribution

Teo Zheng Long
Teo Zheng Long • 2 min read
Zixin Group sets up joint venture company with AANDJ Group on fresh agricultural products distribution
Pursuant to the joint venture agreement, Zixin’s wholly-owned subsidiary will own 70% of the joint venture company while AANDJ Group will own the remaining 30%. Photo: Zixin Group
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Zixin Group (SGX:42W) (Zixin) announced that its wholly-owned subsidiary, Zixin Enterprise (Singapore) Pte Ltd, has established a joint venture company called Zixin Fresh Import & Export Pte Ltd, with AANDJ Group Pte Ltd (AANDJ Group) to embark on the fresh agricultural products distribution business in Singapore, and subsequently neighbouring Southeast Asian countries.

Zixin explains that this joint venture is part of the company’s strategic expansion plans in overseas markets.

AANDJ Group is an unrelated third-party Singapore-based company, which focused on consultancy, trade, and strategic business development, with particular involvement in fresh produce supply chains, market operations, and digitalisation initiatives.

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