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Reitar Logtech Holdings (NASDAQ: RITR) has signed a strategic MOU with Rich Harvest Agricultural Produce Limited to develop an integrated agricultural supply chain ecosystem. The collaboration aims to combine blockchain traceability, digital payments, and smart cold chain technology.
Rich Harvest operates eight farming bases across China spanning 1,333 hectares. The implementation will begin in Q4 2025 with a pilot project exporting 30 tons of fresh food daily from Rich Harvest's Guizhou farm to Hong Kong, utilizing Reitar's cold storage facility in Kwai Chung. Phase 2, targeted for Q1 2026, will focus on integrating Hong Kong retailers into the digital payment system and upgrading cold chain fleets with blockchain temperature control.
Reitar Logtech Holdings (NASDAQ:RITR) has announced plans to spin off its logistics automation segment into an independent company. The initiative follows the successful integration of recently acquired Jingxing Storage Equipment Engineering. The spin-off aims to create a standalone entity focused on smart warehousing, integrated logistics automation solutions, and data-driven technologies.
This strategic move aligns with Reitar's "MIS" strategy (Mergers & Acquisitions, Integration, and Spin-offs) and is expected to provide the new entity with greater operational flexibility while enhancing shareholder value. The company, which pioneered Asia's first integrated Property-Logistics Technology platform, will continue pursuing strategic acquisitions to strengthen its smart logistics ecosystem.
