Transworld Capital Group Reappointed International Investment Advisor to Beijing Municipality
TCG Press Release
November 29, 2010
LOS ANGELES – Transworld Capital Group (“TCG”) is proud to announce that company Founder and CEO, Jack Z. Chen, has been reappointed International Investment Advisor to Beijing Municipality. This official designation is presented directly by Beijing’s most senior government officials, including Vice-Mayor Gou Zhongwen, to select foreign business leaders with a track record of and ongoing commitment to forging win-win business relationships between Beijing-based companies and leading foreign firms.
Mayor Photo: Beijing Vice Mayor Gou Zhongwen (left) with Mr. Jack Z. Chen (right)
Originally appointed to this role in May of 2009, Mr. Chen and his team at TCG have assisted Chinese companies in accomplishing complicated cross-border mergers and acquisitions and have assisted foreign companies to expand in China by crafting equitable and sustainable business partnerships in Beijing. Industries covered by TCG under this framework include auto parts, pharmaceuticals, clean technologies and entertainment.
TCG’s most recent accomplishment with Beijing was the successful acquisition of Nexteer Automotive, General Motors' steering systems business unit, by Beijing-based Pacific Century Motors. This transaction was hailed as “one of the landmark deals of the era” by the Wall Street Journal on November 8, 2010. TCG originated the deal and assisted in leading this acquisition by acting as a special advisor to the Chinese buyer.
"Beijing understands both the value and necessity of fostering a balanced, sustainable growth environment in order to attract world-class firms and help them flourish as global players," said Mr. Chen. He added: "We look forward to continuing our productive relationship with Beijing and to helping the municipality achieve its ambitious development goals."
About Transworld Capital Group
Transworld Capital Group is a financial advisory and investment firm specializing in cross border transactions between the Western World and Greater China. The company advises both on M&A and capital-raising transactions as well as partnerships to help businesses access the China market. More information can be found at www.transworldgroups.com.