Nisun Clarifies the Cooperation with ADM (Shanghai) Management
Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) clarified its previous announcement regarding a partnership with ADM Shanghai. The earlier press release mischaracterized the agreement as a strategic cooperative relationship; it is actually a domestic transportation service contract limited to one ADM factory in China. Nisun aims to further strengthen its ties with ADM Shanghai. The company develops integrated supply chain solutions focusing on technology and finance, aiming to transform the corporate finance industry through advanced service offerings.
- The clarification may enhance investor confidence by providing accurate details about the partnership with ADM.
- Nisun aims to strengthen its relationship with ADM, presenting potential for future collaborative opportunities.
- The mischaracterization of the agreement might lead to skepticism about Nisun's communication and transparency.
- Limited scope of the agreement raises concerns about the potential impact on revenue generation from this partnership.
SHANGHAI, Feb 23, 2022 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today clarified and corrected its January 14, 2022 press release regarding an agreement its controlled affiliate, Liaogang Nisun (Yingkou) Supply Chain Management Co., Ltd. ("Liaogang Nisun"), entered into with ADM (Shanghai) Management Co., Ltd ("ADM Shanghai"), a subsidiary of Archer-Daniels-Midland Company (ADM), a global leader in human and animal nutrition and the world's premier agricultural origination and processing company.
The earlier press release stated that Liaogang Nisun signed a strategic cooperative agreement with ADM Shanghai and it will empower high-quality development of the agricultural supply chain industry. Although Nisun desires to develop a strategic cooperative relationship with ADM Shanghai, the signed agreement is a domestic transportation service contract, and the transportation services provided are only limited to products at one of the ADM factories in China. Looking ahead, Nisun will seek to further strengthen its relationship with ADM Shanghai and ADM factories in China.
About Nisun International Enterprise Development Group Co., Ltd
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment. Nisun has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains information about Nisun's view of its future expectations, plans and prospects that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun's registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
ICR, LLC
Tel: +1 203 682 8233
Email: nisun@icrinc.com
View original content:https://www.prnewswire.com/news-releases/nisun-clarifies-the-cooperation-with-adm-shanghai-management-301488882.html
SOURCE Nisun International Enterprise Development Group Co., Ltd
FAQ
What is the recent update from Nisun International regarding the agreement with ADM Shanghai?
How does the correction of the agreement with ADM Shanghai affect Nisun's investors?
What is the significance of the relationship between Nisun and ADM Shanghai?
What does Nisun International do?
What is the stock symbol for Nisun International?
