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A small-cap logistics company has taken a formal legal step inside Zimbabwe, incorporating a new entity built to buy, store, and move chromium ore at scale.
"Local operating entity" means a company registered under the laws of the host country, which lets a foreign parent conduct business directly rather than through cross-border contracts alone.
(NASDAQ: CIIT) says that entity, called RIDGCORE RESOURCES (PRIVATE) LIMITED, is now active and already advancing its first warehouse lease.
What was incorporated and what it will do RIDGCORE RESOURCES (PRIVATE) LIMITED is an indirect wholly-owned subsidiary of CIIT, held through an intermediate company called Tianci Group Holding Limited.
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