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YuuZoo unveils new headquarters, pipeline plans in investor meeting
Singapore-listed YuuZoo Corporation said it had on Wednesday informed investors about a new organisational structure with a focus on five geographies, and revealed a "strong pipeline" of new projects with "strong earnings potential".
The company had met investors and shareholders at a Securities Investors Association Singapore (SIAS) dialogue session.
It has set up a new South-east Asian headquarters in Thailand (for sales) and Singapore (for support functions), as well as its new African headquarters in Nigeria.
In China, the company in December announced the signing of a framework agreement for the development and management of a huge Smart City real estate project called "Nordic Sport Town" in Harbin.
YuuZoo said the deal is subject to a final detailed agreement to be signed by June 2018. Together with its Chinese joint venture partner, it plans and develop an 85-hectare river-fronting land in Harbin's new prime upmarket development area that has been earmarked by the local government for high-end residential, commercial, tourism, education and sports real estate development.
It expects the market value of the real estate to exceed S$4 billion when fully complete.
In Southern and Central Europe, the company recently announced it had acquired assets in joint venture with the former management of Cinram, a French entertainment sector logistics company.
The assets include a logistics business focused on global entertainment and eCommerce brands and a fully-owned building with warehouses and offices that sits on 60,000 square metres of land.
In the dialogue session, YuuZoo revealed its plans to expand the operations in France from pure logistics operations to end-to-end digi-logistics, which will be facilitated by YuuZoo's ecommerce platform, payment platform and new last mile-delivery.
Separately, YuuZoo announced that its chief operating officer Mr Mohandas was appointed chief executive of indirect wholly owned subsidiary YuuZooNow Pte Ltd.