Transworld Capital Group Announces Creation of Major Automotive Center in Beijing
TCG Press Release
August 18, 2009
Los Angeles, CA - Transworld Capital Group ("TCG") (www.transworldgroups.com), a financial advisory and consulting firm focused on cross border transactions between Greater China and the Western World, is proud to announce the signing of an MOU between Chengcheng International Holding Company and the Management Committee of Beijing Yongle Economic Development Zone for the development of the new Beijing Chengcheng International Automobile City.
The MOU was signed at a ceremony in Beijing on August 18, 2009 attended by Vice Mayor Gou Zhongwei and Mr. Zhao Fengtong, Member of the Standing Committee of the CPC Beijing Municipal Committee, and outlines plans for a comprehensive retail and business facility covering more than 750 acres at Yongle Economic Development Zone, situated in Beijing's Tongzhou District.
Beijing Chengcheng International Automobile City will include a trading market for new and used vehicles, a warehousing and logistics center for auto parts and accessories, a bonded warehouse for vehicles, an automotive theme park, and a public recreation center. This development will be the largest and most advanced of its kind in China, expected to attract major international automobile companies and yield as much as RMB 12 billion (USD $1.9 billion) in annual revenues upon completion in 2014.
Transworld Capital Group, with founder and CEO Jack Z. Chen's capacity as International Investment Advisor to the Municipality of Beijing, played a major role in securing the commitment of Chengcheng International Holding Company as an investor in the auto city. TCG will also take a lead role in attracting major international automotive firms to participate in the new development and take advantage of the unique opportunities afforded by this innovative platform, located between the Beijing and Tianjin city centers, China's most important automotive and economic hub.
"This marks yet another milestone in the cooperative relationship between TCG and the Municipality of Beijing, and demonstrates TCG's commitment to facilitating cross-border business between China and the rest of the world," said Mr. Chen.
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.