RELIANCE GLO HL plans to invest HKD 60 million to participate in the establishment of a joint venture company to develop and operate forestry robot-related businesses
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RELIANCE GLO HL announced the signing of a joint venture agreement with AZIO, Hong Kong Innovation Technology, and Zhaolian to establish a joint venture company focused on the forestry robotics business. Reliance Global Capital will invest HKD 60 million, with the total capital of the joint venture being HKD 150 million. The joint venture will be owned 40% by Reliance Global Capital and 40% by AZIO, while Hong Kong Innovation Technology and Zhaolian will hold 9% and 11%, respectively. This move aims to seize opportunities in the forestry robotics field and enhance the timber supply chain business
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