- Tenet Fintech Group (PKK) has taken ownership control of its latest Chinese subsidiary, Asia Synergy Transportation Hub (ASTH)
- ASTH will now manage its Yun Fleet Platform shipping and transportation platform
- The company now expects activity on the platform to immediately begin contributing to both its top and bottom lines
- Tenet Fintech Group Inc. (PKK) was up 3.26 per cent, trading at $0.95 at 10:55 am ET
Tenet Fintech Group (PKK) has taken ownership control of its latest Chinese subsidiary, Asia Synergy Transportation Hub (ASTH).
The subsidiary will now manage its Yun Fleet Platform shipping and transportation platform.
ASTH was created in November 2021 when Tenet first began to consider bringing Business Hub related services to China’s freight and transportation industry. By March 2022, the Yun Fleet was launched.
The company now expects activity on the platform to immediately begin contributing to both its top and bottom lines now that it has taken control of ASTH, managed by a team of experts in China’s freight trucking industry.
The platform recorded its first activities shortly following its launch, the last six months were spent by the company working with Yun Fleet’s early adopters to ensure the platform would meet the needs of China’s owner-operator truckers, whose trucks stand empty about 40 per cent of the time without the opportunities provided by Yun Fleet.
The company plans to launch its Business Hub in the United States in 2023.
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology and artificial intelligence companies.
Tenet Fintech Stock was up 3.26 per cent, trading at $0.95 at 10:55 am ET.