BEIJING, Oct. 25 /Xinhua-PRNewswire/ -- China World Trade Corp (OTC Bulletin Board: CWTD) (“CWTC”) today announced its Beijing subsidiary World Trade Center Club Beijing (“WTCBJ”) will lease 50% of all its smart offices to DaimlerChrysler Northeast Asia Ltd. (DCNEA), which will lead to the achievement of 100% occupancy rate in this Beijing subsidiary.
Under the lease agreement executed on October 15th, 2007, DCNEA will place 38 workstations in 12 smart offices provided by WTCBJ for the coming 6 months until March 31 2008. During this period, WTCBJ will also offer professional business services to support DCNEA in accordance with the lease agreement.
Presented in the Northeast Asia in early 20th century, DaimlerChrysler is the first company to establish an international automotive joint venture in Mainland China -- Beijing Jeep Corporation in 1983. Currently all the business units of DaimlerChrysler include Mercedes Car Group, Chrysler Group, Truck Division and DaimlerChrysler Financial Services. DCNEA is based in Beijing and is responsible for overseeing DaimlerChrysler’s passenger car and commercial vehicle business development and coordination in China.
“It is our honor to serve an international automobile group like DaimlerChrysler in the coming 6-9 months. After they place their offices, WTCBJ will again achieve 100% occupancy rate, which will definitely encourages us to offer our customers with more professional business services in complete, fast, convenient and high-quality fashions,” said Mr. William Tsang, Present of China World Trade Corp.
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 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
