Agricoltura
Oboya signs major strategic cooperation agreement in China
Oboya is currently participating at China International Import Expo (CIIE) in Shanghai, China. The fair brings together companies, exhibitors and professional buyers from all over the world. Oboya offers European cultivation products and technology to the Chinese market. During the exhibition, Oboya has signed a major strategic cooperation agreement with Hubei Nongqing Technology Co. Ltd. in China, which operates in the flower cultivation industry in the Chinese province of Hubei. The agreement aims to develop the flower cultivation industry in the Chinese province of Hubei and the order value is estimated at approximately USD 35 million, equivalent to approximately SEK 321 million, spread over three years from 2019.
The cooperation is expected to create long-term relationships with Hubei Nongqing Technology Co. Ltd. With this agreement, Oboya takes another important step into the Chinese cultivation market.
Erik Penser Bank is Oboyas Certified Adviser at Nasdaq First North.
Robert Wu, CEO Oboya Horticulture Industries AB (publ)
Phone: + 86 159 6983 5999
E-mail: robert.wu@oboya.cc
Homepage: www.oboya.se
Oboya Horticulture aims to become a world-leading total supplier of consumables and logistics products for the cultivation industry as well as consumer products for home cultivation and indoor environments. Production takes place in factories in China, Poland, Denmark, Vietnam and Kenya. More information about the company is available at www.oboya.se.
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