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Silk Road Logistics Holdings (00988) signed a letter of intent on March 23, 2020, to acquire 70% of Longyuan Company from seller Wang Zhong. Longyuan is involved in mining, coal sales, and engineering machinery sales.
“丝路物流控股(00988)发布公告,于2020年3月23日,公司与卖方王忠订立意向书,拟收购龙源公司70%的股权。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.