NISN - Nisun International signs partnership for expansion into alcohol products market

2023-04-21 08:33:00 ET

• Nisun International Enterprise Development Group ( NASDAQ: NISN ) has entered into an agricultural trade management services agreement with Mengzhou Houyuan Biotechnology.
• The Agreement represents an important initiative of the Co.'s supply chain business strategy to strengthen its presence and pursue growth opportunities in the alcohol products market.
• China is the largest alcoholic drinks market in the world with an estimated total revenue of $336.4B in 2023 and is still growing at an expected compound annual growth rate of  3.47% during the forecast period of 2023-2027.
• Under the Agreement, Fintech Henan will purchase products from designated suppliers based on orders from Mengzhou Houyuan, with full payment for the products, while Mengzhou Houyuan provides a 20% deposit to Fintech Henan.

For further details see: