Regal Group, Inc. (RGLG.OB) Subsidiary Enters Retail Market
UHF Logistics, a subsidiary of Regal Group, Inc., announced on yesterday that its operating subsidiary Shenzen Rui Pu Da Electronic Technology Company Ltd. has entered into a strategic agreement with ZTE Chang Tian Information Technology Ltd., a subsidiary of Zhong Xing Telecommunications Equipment Company Limited. ZTE is China's largest listed telecommunications and wireless solutions provider. As terms of the agreement, Shenzen Rui Pu Da will become ZTE's exclusive provider of RFID solutions in the Chinese clothing industry. ZTE will jointly develop RFID applications with Rui Pu Da that will improve retail operations by enabling enhancements such as real-time inventory tracking…