Zhitong Financial App News, Tang Ji Holdings (08305) announced that the company is currently exploring business development opportunities in the Greater Bay Area and has registered Shengzhong Co., Ltd. (Shengzhong), a wholly-owned subsidiary, as a stepping stone for exploring business opportunities in the Greater Bay Area.
The Greater Bay Area is a prominent national initiative in China's long-term strategic development plan, attracting top Chinese and overseas companies and rapidly developing companies to do business in the region. The board of directors believes that the policies implemented by the Chinese government in the Greater Bay Area have brought relatively many business opportunities. With the Group's background in the construction industry and the directors' business network in the Chinese community in Hong Kong, China, the Group has incorporated Shengzhong as the first step in exploring upstream and downstream business opportunities, including businesses within the Greater Bay Area with a focus on Shenzhen.
The development of business in the Greater Bay Area has enabled the Group to consolidate and develop its existing business and expand its business footprint from Hong Kong, China to the Greater Bay Area. Therefore, the board of directors believes that developing business in the Greater Bay Area has the potential to make future contributions to the Group, is beneficial to the company, and conforms to the interests of the Group and shareholders.
Furthermore, in order to facilitate business development in the Greater Bay Area, Shengzhong has hired Ms. Wang Tianwei as the president of Greater China. Ms. Wang has extensive experience in finance, marketing strategy and investment. Ms. Wang will be mainly responsible for the overall management and market development of Shengzhong in Greater China. With the addition of Ms. Wang, the board of directors believes that the company will gain more business networks and development in Greater China.