SHANGHAI, Nov. 11,
2024 /PRNewswire/ -- Nisun International Enterprise
Development Group Co., Ltd ("Nisun International" or the "Company")
(Nasdaq: NISN), a technology and industry driven integrated supply
chain solutions provider, is pleased to announce its acquisition of
a minority stake in Nanjing Pin Bai Sheng Catering Management Co.,
Ltd. ("Nanjing Pin Bai Sheng"), a prominent franchisee and partner
in China's thriving food and
beverage sector. This strategic investment aligns with Nisun
International's commitment to expanding its footprint in
China's supply chain and rapidly
growing campus catering markets.
Nanjing Pin Bai Sheng, known for its operational expertise and
strong partnerships with globally recognized food brands like KFC,
provides extensive catering services across educational
institutions, government agencies, and corporate settings. This
acquisition not only represents a compelling opportunity for Nisun
International to tap into the high-growth campus catering market
but also to leverage synergies in supply chain management,
distribution, and digitalization. The collaboration is expected to
significantly strengthen both companies' capabilities in meeting
the evolving demands of a growing customer base in closed,
high-consumption environments such as university campuses.
The recent success of the inaugural KFC campus project at
Guangzhou Technical Normal University showcases the operational
synergies between Nisun International and Nanjing Pin Bai Sheng.
Through enhanced supply chain logistics, streamlined digital
processes, and a commitment to superior customer service, the two
companies are positioned to lead a new era in campus catering,
focusing on scalability, reliability, and quality. According to
recent research, Chinese college students are expected to drive
annual consumption to approximately RMB 850
billion in 2024, underscoring the immense market potential
within this sector.
Mr. Xin Liu, CEO of Nisun
International, expressed his enthusiasm for the partnership: "Our
acquisition of a stake in Nanjing Pin Bai Sheng is a transformative
step that aligns with our strategic vision to integrate supply
chain efficiencies with new consumer markets. By combining our
capital resources and technological advancements with Nanjing Pin
Bai Sheng's extensive campus channels, we aim to redefine the
campus catering experiences across China. This partnership opens the door for
innovative service models and broader growth opportunities for both
companies."
The acquisition aligns with Nisun International's ongoing
mission to diversify service scenarios and pursue high-quality
growth in reputation, scale, and profitability. In the coming
years, the two companies plan to expand to over 200 campus
locations, reinforcing their market presence and optimizing the
supply chain process for scalability and operational efficiency.
This collaboration will empower Nisun International and Nanjing Pin
Bai Sheng to drive transformative growth within China's campus catering sector, making an
impactful contribution to the broader catering and supply chain
ecosystem.
Nisun International's strategic investment in Nanjing Pin Bai
Sheng represents another significant milestone in the Company's
journey toward leading supply chain solutions that bridge
operational excellence with dynamic consumer markets.
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 International
is dedicated to providing professional supply chain solutions to
Chinese and foreign enterprises and financial institutions. Through
its subsidiaries, Nisun International 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 International continues to deepen the field
of industry segmentation through industrial and financial
integration. Focusing on industry-finance linkages, Nisun
International 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 International 's view of its future
expectations, plans and prospects that constitute forward-looking
statements. 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
International encourages you to review other factors that may
affect its future results in Nisun International 's registration
statement and in its other filings with the Securities and Exchange
Commission. Nisun International 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.
View original
content:https://www.prnewswire.com/news-releases/nisun-international-acquires-minority-stake-in-leading-kfc-franchisee-nanjing-pin-bai-sheng-to-drive-growth-in-campus-catering-and-strengthen-supply-chain-synergies-302301063.html
SOURCE Nisun International Enterprise Development Group Co.,
Ltd.