G4S International Logistics becomes approved service provider to Shanghai Gold Exchange and Bank of Communications in China
(Thomson Reuters ONE) -
G4S International Logistics (G4Si) has signed an agreement in Shanghai, China,
which establishes G4Si as an approved service provider to the Shanghai Gold
Exchange (SGE) International Board and the Bank of Communications, China.
G4Si is now authorised to deliver gold bullion to the SGE International Board
Vault. Since China is the world's second largest importer of gold bullion as
well as the world's largest domestic producer, this is a key milestone in
international support for the flow of physical gold. G4Si will promote
deliveries of gold to the SGE International Board and service their products,
encouraging acceptance of "Shanghai Gold" bullion standards in the global gold
market.
The agreement was signed on centre stage at the Shanghai Stock Exchange, as part
of The Right Honourable George Osborne's (Chancellor of the Exchequer), UK Trade
Mission to China. The signing took place in front of over 600 invited guests.
The agreement was secured with support from the UK Foreign and Commonwealth
Offices (FCO) in Beijing and Shanghai.
Julian Haskard, Regional Director - Asia Pacific, G4Si said:
"G4Si is very proud to have achieved this significant milestone in its network
development. We are excited about this expansion into China and the opportunity
to work more closely with Chinese banks and institutions. This is a significant
development of UK and China bilateral trade. We look forward to providing an
extensive service in the international and domestic precious metals and valuable
goods market, connecting China, the UK and beyond.
"I'd like to thank the UK FCO teams in Beijing and Shanghai for their highly
professional support. They work tirelessly to help British businesses create
value in China."
Ends
For further information, please contact Julian Haskard on:
Office +61 2 9232 5555
Email: julian.haskard(at)g4si.com
Matt Magee - G4S group media relations
Office: +44 20 7963 3333
Notes to Editors:
About G4S International Logistics
G4Si is the secure international logistics business of G4S.
G4Si is the partner of choice for large organizations needing very high security
solutions to international logistics risks. We serve governments, banks, gold
mines, refiners and major corporates who need totally secure, fully insured, and
completely integrated international transport solutions. The addition of the SGE
service further expands our reach in over 130 countries.
About G4S
G4S is the leading global security company, specialising in the provision of
security services and solutions to customers. Our mission is to create material,
sustainable value for our customers and shareholders by being the supply partner
of choice in all of our markets.
G4S is quoted on the London Stock Exchange and has a secondary stock exchange
listing in Copenhagen. G4S is active in around 100 countries and has 611,000
employees.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: G4S plc UK DK via GlobeNewswire
[HUG#1954260]
Unternehmensinformation / Kurzprofil:
Datum: 24.09.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 422463
Anzahl Zeichen: 3843
contact information:
Town:
RH10 9UN
Kategorie:
Business News
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