But late last night, we received the following note from Jade:
Jade Cargo International is very pleased to announce that a Letter of Intent covering the restructuring has been signed between our shareholders and the UniTop Group.
The UniTop Group, based in Shenzhen, is a fast growing and dynamic logistics and transportation company who is looking to strengthen their position in the international air cargo market. With this step, the restructuring of Jade Cargo has taken a positive step forward, benefiting all stakeholders. Further information will be provided in the short term.