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Primega Group (NASDAQ: ZDAI) has announced a strategic acquisition of China Wangmao Liquor Industry Group through a memorandum of understanding, marking its entry into the premium Baijiu (Chinese distilled liquor) market. The acquisition represents a significant diversification move for Primega, which currently operates in eco-friendly transportation and construction waste recycling through its Hong Kong subsidiary.
Post-acquisition, Primega plans to maintain China Wangmao's independent brand operations while leveraging its own technological expertise and capital resources to enhance operations, optimize supply chains, and modernize production facilities. The partnership aims to expand into Southeast Asian and North American markets, with a focus on launching new premium product lines and promoting Chinese sauce-flavor Baijiu globally.
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