GUANGZHOU, China, Nov. 17 /Xinhua-PRNewswire/ -- China World Trade Corp (OTC Bulletin Board: CWTD) ("CWTC") today announced the strategic partnership with Xi’an Asset and Equity Exchange (“XAEE) starting from November 1, 2007.
According to the partnership agreement, CWTC will refer enterprises to use XAEE’s services, including consultancy, enterprise reorganization, merger and acquisition, project finance and corporate finance services. CWTC will entitle to a commission on success base.
XAEE has recently become one of the major tenants of CWTC’s subsidiary World Trade Center Club Guangzhou by entering into a 4-year lease agreement executed in July 2007.
“We are excited to be in a strategic partnership with XAEE beyond just a tenancy agreement,” said Raymond Tse, the Chief Development Officer of China World Trade Corp. “By working with XAEE, we will reinforce our unique positioning in the Chinese market as a trade matching and facilitator lining up companies with capital at home and around the globe. This will become a quantum leap in the development of our newly launched investment & consultancy services division.”
XAEE ( http://www.xaee.com ) is one of the well known trading platform of local non-listed state-owned enterprises. Founded in 1993 in the northwest Chinese city Xi’an, this exchange has facilitated the M&A of state-owned equities for enterprises and assisting in direct financing for PRC companies.
About China World Trade Corp
China World Trade Corp (OTCBB: CWTD) (“CWTC”) is a leading provider of integrated business support services including business clubs, hotel management and investment & consultancy in China. The Club and Business Center Division is devoted to provide business meeting venues, travel & support services to domestic and foreign entities seeking to do business in China’s key trade cities. CWTC’s hotel management division, CWT Hotel, focuses on high margin hotel management and development support services and provides hotel renovation and management project services. The investment & consulting services division provides technology and infrastructure expertise and investment to China-based development projects in key cities.
More information about China World Trade Corp is available at http://www.chinawtc.com .
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For more information, please contact:
Investor Relations Officer
Tel: +86-20-2886-0608
Email: ir@chinawtc.com
