GUANGZHOU Logistics Company, a GrandBuy Group unit, and one of the largest third party logistics providers in south China, has purchased the Renhe Logistics facility from Guangzhou Artex Logistics Company for CNY265 million (US$42.48 million).
Renhe Logistics facility is located at Renhe town Baiyun district in Guangzhou, south of Guangzhou Baiyun International Airport and east of Beijing-Guangzhou Railway Logistics Park, which covers 103,000 square metres. It has expanded the GrandBuy Group's total logistics area to a million square metres.
GrandBuy Group said the strategic move aims to snatch market share in airport's economic zone and expand its northern logistics area. At present, GrandBuy Group has formed four logistics bases in east, south, west and north regions in China, based on Guangzhou with its services covering Pearl River Delta.
LOGISTICS
01 January 2013 - 19:11
GrandBuy Group purchases Renhe Logistics Base for US$42.48 million
GUANGZHOU Logistics Company, a GrandBuy Group unit, and one of the largest third party logistics providers in south China, has purchased the Renhe Logistics facility.
LOGISTICS
01 January 2013 - 19:11
GrandBuy Group purchases Renhe Logistics Base for US$42.48 million
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