Guangzhou Folangsi Co., Ltd. and Mitsubishi Logisnext Corporation signed a strategic cooperation agreement and equity acquisition of Nichiyu Forklift (Shanghai) Co., Ltd. on August 28, 2024. The deal aims to strengthen Folangsi's network and supply chain in the on-site logistics equipment industry.
Guangzhou Fosun Co., Ltd. and Mitsubishi Logisnext Co., Ltd. signed a strategic cooperation and equity acquisition agreement for Nichiyu Forklift (Shanghai) Co., Ltd. on August 28, 2024. Fosun will acquire the Shanghai-based forklift distributor from Mitsubishi Logisnext.
Folangsi Co., Ltd. announced that its subsidiary Folangsi (Hong Kong) will acquire 100% of Nichiyu Forklift (Shanghai) Co., Ltd. from Mitsubishi Logisnext Co., Ltd. for CNY 33.923 million. The target company sells, services and rents Nichiyu brand forklifts in China.