SINGAPORE (Feb 1): OKH Global has entered into a strategic cooperation agreement with Ping An Industrial and Logistics to develop and manage a network of high quality logistics and warehousing facilities in China.

Ping An Industrial and Logistics, a unit of China's Ping An insurance group, develops modern high-quality warehousing as well as provide storage, financial leasing, insurance, factoring and other financial services.

Under the agreement, OKH Global and its associated company Pan Asia Logistics Investments Holdings will provide the expertise in the design, development, build-to-suit, leasing, asset management expertise and client network.

Ping An Industrial and Logistics will offer its real-estate resources and asset management expertise, as well as provide integrated financial services such as insurance, finance leasing, cargo vehicle insurance and supply chain financing for tenants of these logistics and warehousing facilities.

This story, written by PC Lee for The Edge Singapore, first appeared on Feb 1.