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US logistics firm AMB has signed a letter of intent with Shenzhen Honbor Industrial to develop a sporting goods trading and logistics centre inside Shenzhen's Pinghu Logistics Park.
The proposed CNY878 million (US$115.67 million) logistics centre will provide product exhibition, cargo procurement, cargo storage, cargo transit, regional distribution, cargo processing and business information exchange services.
New York-listed AMB, with total assets of US$11 billion, owns 17 million square metres of warehousing space worldwide, and specialises in providing contract logistics and supply chain management services.
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