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Pantos Logistics signs MOU with Sinotrans LogisticsSep. 01, 2015
<div style="margin: 0cm 0cm 10pt; line-height: normal; font-family: 맑은고딕; font-size: 16px;"><p style="line-height: 150%; font-family: 맑은고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial; font-size: 12pt; line-height: 24px; margin-top: 0px; margin-bottom: 0px;"><span style="line-height: 150%; margin-top: 0px; margin-bottom: 0px; font-size: 12pt; font-family: Arial;"><span style="font-size: 12pt; font-family: Arial; line-height: 24px; margin-top: 0px; margin-bottom: 0px;">Pantos Logistics signs MOU with Sinotrans Logistics to expand the local operation in China </span></span></span></p></div><div style="margin: 0cm 0cm 10pt; line-height: normal; font-family: 맑은고딕; font-size: 16px;"><p style="line-height: 150%; font-family: 맑은고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial; font-size: 12pt; line-height: 24px; margin-top: 0px; margin-bottom: 0px;"><span style="line-height: 150%; margin-top: 0px; margin-bottom: 0px; font-size: 12pt; font-family: Arial;"><span style="font-size: 12pt; font-family: Arial; line-height: 24px; margin-top: 0px; margin-bottom: 0px;">Pantos Logistics announced that it has signed an MOU focusing on the partnership and development of a long-term cooperation model with Sinotrans Logistics, one of the biggest logistics service providers in China, with the goal of expanding the logistics business in the Chinese region.</span></span></span></p></div><div style="margin: 0cm 0cm 10pt; line-height: normal; font-family: 맑은고딕; font-size: 16px;"><p style="line-height: 150%; font-family: 맑은고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial; font-size: 12pt; line-height: 24px; margin-top: 0px; margin-bottom: 0px;"><span style="line-height: 150%; margin-top: 0px; margin-bottom: 0px; font-size: 12pt; font-family: Arial;"><span style="font-size: 12pt; font-family: Arial; line-height: 24px; margin-top: 0px; margin-bottom: 0px;">Designated as the Best Chinese Logistics Company for 2 years in a row, Sinotrans Logistics is a Chinese national company managed by the State-owned Assets Supervision and Administration Commission of the State Council with grade of 5A (the best in China). With manpower of more than 29,000 personnel and revenue reaching 8.45 trillion KRW (45.7 billion RMB) in 2014, the company is the largest national comprehensive logistics service company providing ocean, air, train, international courier, and W/H services.</span></span></span></p></div><div style="margin: 0cm 0cm 10pt; line-height: normal; font-family: 맑은고딕; font-size: 16px;"><p style="line-height: 150%; font-family: 맑은고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial; font-size: 12pt; line-height: 24px; margin-top: 0px; margin-bottom: 0px;"><span style="line-height: 150%; margin-top: 0px; margin-bottom: 0px; font-size: 12pt; font-family: Arial;"><span style="font-size: 12pt; font-family: Arial; line-height: 24px; margin-top: 0px; margin-bottom: 0px;">Sinotrans with its local network covering 30 provinces and municipalities in China and Pantos Logistics with its global network of 193 partners in 41 countries will accelerate efforts to expand penetration into the fast-developing e-commerce market and 3PL sector by utilizing each other’s strengths.</span></span></span></p></div><div style="margin: 0cm 0cm 10pt; line-height: normal; font-family: 맑은고딕; font-size: 16px;"><p style="line-height: 150%; font-family: 맑은고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial; font-size: 12pt; line-height: 24px; margin-top: 0px; margin-bottom: 0px;"><span style="line-height: 150%; margin-top: 0px; margin-bottom: 0px; font-size: 12pt; font-family: Arial;"><span style="font-size: 12pt; font-family: Arial; line-height: 24px; margin-top: 0px; margin-bottom: 0px;">Pantos Logistics also plans to utilize this opportunity to launch new businesses by attracting cargo from B2B and B2C e-commerce transactions between Korea and China and reinforcing mutual cooperation.</span></span></span></p></div><p style="font-family: 맑은고딕; font-size: 16px; line-height: 150%; margin-top: 0px; margin-bottom: 0px;">&nbsp;</p>
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