Reitar Logtech Signs Strategic MOU with Rich Harvest to Develop Smart Agricultural Ecosystem

Reuters
2025/06/26
Reitar Logtech Signs Strategic MOU with Rich Harvest to Develop Smart Agricultural Ecosystem

Reitar Logtech Holdings Limited (NASDAQ: RITR) has announced the signing of a non-binding Memorandum of Understanding (MOU) with Rich Harvest Agricultural Produce Limited, a Hong Kong-based agriculture enterprise. The collaboration aims to establish a smart agricultural ecosystem by integrating blockchain traceability, stablecoin payment systems, and smart cold chain technologies. The proposed partnership seeks to leverage Reitar's logistics solutions and technology expertise to enhance Rich Harvest's agricultural operations. A phased approach is planned, starting with a pilot program for vegetable exports scheduled for Q4 2025, and expanding to include digital payment systems for Hong Kong supermarkets by Q1 2026. The MOU is effective for 24 months, with the possibility of termination by either party with 90 days' notice, and is subject to the execution of definitive agreements and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reitar Logtech Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-058032), on June 26, 2025, and is solely responsible for the information contained therein.

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