NiSun Expands Into Rubber Supply Chain Market; Shares Rise

MT Newswires Live

2024/11/06

NiSun International Enterprise Development Group (NISN) said Tuesday it has signed strategic partnership agreements with three firms, marking its entry into the rubber supply chain market with initial orders totaling about $13.5 million.

The company said it will deliver 6,484.8 tons of rubber products as part of the deal with Shandong Hi-Speed Qingdao West Coast Port, Shanneng (Qingdao) Smart Industrial Technology, and Ningbo Weiduoduo New Material Technology.

Shares of NiSun International jumped more than 15% in recent trading.

Price: 10.48, Change: +1.41, Percent Change: +15.55

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