Reitar Logtech Holdings Limited (NASDAQ:RITR) stock is up during premarket trading on Monday following the company’s announcement of a strategic partnership.

RITR Signs $1B Deal with Optimize Integration

Reitar has signed a three-year Strategic Cooperation Framework Agreement with Optimize Integration Group Co., Ltd., a leading food supply chain service provider in China.

Under this agreement, Reitar will act as the exclusive agent for Optimize’s overseas frozen meat procurement, targeting a first-year procurement goal of 1 billion Chinese yuan (~$144.3 million). The partnership will integrate digital platforms and strengthen supply chain finance collaboration, using Reitar’s global network to reduce procurement costs.

This positions Reitar as a leader in the digital transformation of the food supply chain, supported by Optimize’s strong market presence in China, where it accounted for about 18% of total meat imports last year.

“This cooperation is not only a combination of businesses, but also a deep integration of technology, data and finance. We will fully leverage our strengths in international procurement execution, cross‑border logistics asset operation, and blockchain‑driven supply chain finance architecture, and combine them with Optimize Integration Group’s strong domestic network and digital capabilities to provide more efficient and reliable imported food supply services to the China market, while setting a new benchmark for the digital transformation of the global food supply chain,” commented John Chan, Chairman and CEO of Reitar Logtech.

This partnership allows Reitar to apply its logistics expertise in a rapidly expanding sector. The collaboration is expected to strengthen Reitar’s market presence and revenue potential as the food supply chain increasingly depends on digital solutions.

RITR Mixed Signals in Technical Analysis

The stock is currently trading 15.1% below its 20-day simple moving average (SMA) and 35.4% below its 100-day SMA, suggesting mixed signals in the short- and long-term. Over the past 12 months, shares have decreased by 72.96%, and they are currently positioned closer to their 52-week lows than highs.

The RSI is at 35.24, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum.

• Key Resistance: $1.50
• Key Support: $1.00

RITR Price Action: Reitar Logtech Holdings shares were trading up 20.48% at $1 at the time of publication on Monday, according to Benzinga Pro data.

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