Benzinga | Aug 18, 2021 07:37AM EDT

MDJM Establishes Joint Venture Company For Asset Management Business To Implement Global Expansion Strategy

MDJM LTD (NASDAQ:MDJH) (the "Company" or "MDJM"), an integrated real estate services company in China, today announced the establishment of a new joint venture company in the United Kingdom under the name of Mansions Estate Agent Ltd ("Mansions Estate"). Mansions Estate is jointly established by MDJM's subsidiary MD Local Global Limited, Ocean Tide Wealth Limited ("Ocean Tide"), a specialist mortgage broker in the United Kingdom, and Mingzhe Zhang. Mansions Estate will be engaged in asset management business and expects to provide comprehensive UK real estate-related services, including property leasing, property sales, furnishings, and routine property maintenance, to global investors. The Company believes that the establishment of Mansions Estate is a significant step for its global expansion strategy.