ChainCatcher news reports that Hongqiao Group (08137) announced that after the market closed on August 8, the company signed a non-binding strategic cooperation memorandum with Dongfang Yilin Industrial Co., Ltd. Dongfang Yilin is a comprehensive operator of timber asset digitalization registered in China.
According to the memorandum, the main cooperation content between the two parties is as follows: Both parties will use Hainan Huanghuali standing timber as the underlying asset to jointly explore the financialization path of precious timber assets, promote the industrialization of ecological resources, the capitalization of ecological industries, the productization of ecological capital, and the marketization of ecological products. They plan to construct a green economic closed loop of 'precious timber industry resources + finance + blockchain' in conjunction with the latest trends in RWA, stablecoins, and compliant digital currency issuance.
The announcement states that the group focuses on a business model in the resource sector and is committed to finding investment opportunities with resilience and stability. Hainan Huanghuali is the top of the world's five renowned timbers, possessing rarity, growth potential, and high value attributes. The proposed cooperation aligns with the group's exploration of potential business development models and strategic deployment requirements.
