China World Trade Corp Secures High Profile Long Term Tenant In Its Guangzhou Subsidiary

China World Trade Corp
2007-10-16 18:42 976

GUANGZHOU, China, Oct. 16 /Xinhua-PRNewswire/ -- China World Trade Corp (OTC Bulletin Board: CWTD) ("CWTC") today announced Xi’an Asset and Equity Exchange (“XAEE”) has committed to be long term tenant of World Trade Center Club Guangzhou ("WTCGZ") recently.

With a 4-year lease agreement executed in July 2007, WTCGZ provided a strategic office location with a floor size of 950 square meters for XAEE to establish a new subsidiary in the prime business area of Guangzhou city. XAEE has already established similar subsidiaries in Shanghai, Beijing and Shenzhen. The expansion plan of XAEE subsidiary in Guangzhou will include establishing strategic partnership with several media, securities house as well as investment institutes in Southern China.

XAEE ( ) is one of the well known local trading platforms of 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 of Chinese enterprise and even makes possible direct financing to local companies.

Since its incorporation, WTCGZ has been offering office spaces with flexible lease terms under the brand name “smart office” in Tianhe District, a prime business district in Guangzhou city of China. WTCGZ now offers 36 smart office rentals and houses 25 tenants including world renowned companies that have strong international presence, most of which have committed to a one-year lease term agreement. Tenants at the World Trade Center Clubs receive priority to participate in seminars, lectures, and events hosted by the World Trade Center clubs.

“We are pleased with our continuous achievement by having commitments of tenants with high profile locally and internationally, which are all supportive in creating a business community in Southern China that facilitates business networking at different levels,” said Mr. William Tsang, President of China World Trade Corp. “We are also looking forward to providing the services ranging from mergers and acquisitions, consulting and providing strategic introductions to the manufacturing distribution channel opportunities across China in the future.”

About China World Trade Corp

China World Trade Corp (OTCBB: CWTD) (“CWTC”) is a leading provider of business, 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 .

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Source: China World Trade Corp
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