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CAA Resources (02112) signs MOU for cooperation
11 Jan 2019
(Infocast News) CAA Resources (02112) announced that it entered into a non-legally-binding MOU on 10 January 2019 for the proposed equity investment in Shenzhen Yuecheng Network Technology Company (Yuecheng Technology) and Shenzhen City Zudian Technology Company (Zudian Technology).

Yuecheng Technology provides a Business-to-Customer (B2C) platform for hotel room booking in China. Its e-commerce platform is MiaoGeFang (秒個房). Yuecheng Technology has been in cooperation with a number of domestic travel agencies in relation to hotel room reservation services and obtains the source of hotel rooms and users from Zudian Technology.

Zudian Technology is engaged in the development of sharable mobile phone charging facilities in China, and owns several national technology patents. Zudian Technology focuses on developing the sharable mobile phone charging platform which involves Internet and Internet-of-things technologies, and combines industry characteristics and big data application. Its mobile phone charging facilities include mobile phone charging facilities in hotel rooms.

(WL)
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