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28-02-06, 21:45
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Possible Business Injection Into China Technology Global Corporation
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HONG KONG, Feb. 16 /Xinhua-PRNewswire-FirstCall/ -- China Technology Global Corporation (OTC Bulletin Board: CTGLF), a leading information technology solutions provider for logistics and supply chain management in China and Hong Kong, reported of possible business injection by its parent company.
At the executive meeting of China Merchants DiChain Group ("DICHAIN") dated February 15, 2006, major discussion revolved around the possibility of assets and business injection into its subsidiary, China Technology Global.
Mr. Gordon Chen, the newly appointed president of DICHAIN commented, "At this point in time, although it is only a business intention, it clearly demonstrates the parent company fully supports China Technology Global for its business expansion and growth." However, he did not mention the details on the type of business or assets to be injected and financial terms to be applied. Mr. Chen said, "It is expected that the related proposal will soon be presented to the Board, and we anticipate approval be granted soon."
About China Merchants DiChain Group
Established in 2000, China Merchants DiChain Group ("DICHAIN") is a fast growing business conglomerate with solid industrial background, capital resources, and management expertise. DICHAIN is headquartered in Hong Kong and with its main business portfolio focusing on mainland China. It is a member of China Merchants Group, one of the largest state-owned companies in China.
China Merchants Group is one of the 50 largest enterprises in China, owned by the State and directly supervised by the central government. Its total business assets is about US$30 billion, primarily focusing on financial services, transportation and logistics and real estate property development.
Contact:
China Technology Global Corporation
Sifie Fu, Investor Relations Manager
Tel: +852-2255-0688
Email: sifiefu@ChinaTechGlobal.com
Investor Relations Division
Email: Investors@ChinaTechGlobal.com
Website: http://www.ChinaTechGlobal.com
© 2006 PRNewswire
Possible Business Injection Into China Technology Global Corporation
All PRNewswire News
HONG KONG, Feb. 16 /Xinhua-PRNewswire-FirstCall/ -- China Technology Global Corporation (OTC Bulletin Board: CTGLF), a leading information technology solutions provider for logistics and supply chain management in China and Hong Kong, reported of possible business injection by its parent company.
At the executive meeting of China Merchants DiChain Group ("DICHAIN") dated February 15, 2006, major discussion revolved around the possibility of assets and business injection into its subsidiary, China Technology Global.
Mr. Gordon Chen, the newly appointed president of DICHAIN commented, "At this point in time, although it is only a business intention, it clearly demonstrates the parent company fully supports China Technology Global for its business expansion and growth." However, he did not mention the details on the type of business or assets to be injected and financial terms to be applied. Mr. Chen said, "It is expected that the related proposal will soon be presented to the Board, and we anticipate approval be granted soon."
About China Merchants DiChain Group
Established in 2000, China Merchants DiChain Group ("DICHAIN") is a fast growing business conglomerate with solid industrial background, capital resources, and management expertise. DICHAIN is headquartered in Hong Kong and with its main business portfolio focusing on mainland China. It is a member of China Merchants Group, one of the largest state-owned companies in China.
China Merchants Group is one of the 50 largest enterprises in China, owned by the State and directly supervised by the central government. Its total business assets is about US$30 billion, primarily focusing on financial services, transportation and logistics and real estate property development.
Contact:
China Technology Global Corporation
Sifie Fu, Investor Relations Manager
Tel: +852-2255-0688
Email: sifiefu@ChinaTechGlobal.com
Investor Relations Division
Email: Investors@ChinaTechGlobal.com
Website: http://www.ChinaTechGlobal.com
© 2006 PRNewswire