Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services
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Shengfeng Development Limited (NASDAQ: SFWL) has formed a joint venture with Fujian Fulai Aviation to expand low-altitude logistics services in China. This strategic move aims to enhance Shengfeng's logistics capabilities.
November 18, 2024 | 2:30 pm
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Shengfeng Development Limited has entered a joint venture with Fujian Fulai Aviation to expand its low-altitude logistics services, potentially enhancing its service offerings and market reach.
The joint venture with Fujian Fulai Aviation is a strategic move to enhance Shengfeng's logistics capabilities, which could lead to increased market share and revenue growth. This partnership is likely to positively impact Shengfeng's stock price in the short term.
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