Rebranding as Yudong to Diversify Business

Reported 9 months ago

Yudong's Chairman Sun Zhengqiang announced on June 27, 2024, the initiation of three strategies to enhance the company's structure and market competitiveness, including renovating banquet halls, increasing restaurant efficiency, expanding into shopping malls, developing chain brands and international markets, adopting ISO 14064-1 standards, and creating a carbon-neutral dining brand. Yudong held a shareholders' meeting and approved changing the company's name to 'Yudong', covering last year's financial reports, and planning a private placement of common stock to support business transformation and expansion. Anticipating improved revenue and profits this year with diversified business strategies in place.

Source: YAHOO

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