Guangzhou Sunwah Business Services Ltd, a wholly owned subsidiary of Sunwah Group signed a Strategic Alliance Agreement with Yu Pat Investment on 10 December 2016 in Guangzhou. Sunwah will take part in Yu Pat’s investment business. By combining the advantages of import goods resources from both parties, it will provide a new style retail platform and supply chain. The co-operation signifies a new milestone on Sunwah’s retail business.
Guangzhou Yu Pat Investment possesses an excellent imported commodities supply chain, rich experience in international logistic, and a professional and efficient management team. It is Guangzhou’s largest company in 2015 in terms of domestic investment on imported goods and the number of services outlets.
Chairman of Sunwah Group Dr. Jonathan Choi and Deputy General Manager of Guangdong Transportation Group Mr. Zhang Si Yuan officiated the signing ceremony. Representing Sunwah General Manager of South China Region Mr. Zhang Tie Jun, signed the Agreement with General Manager of Yu Pat Investment Mr. Zhang Xiao Feng.
The Agreement will start a deeper co-operation between Sunwah and Yu Pat and the Guangdong Transportation Group on imported commodities in supermarket chain and logistics supply system in highway services stations.
Guangdong Transportation Group is a national enterprise under the Guangdong Transportation Holdings Group. It was listed in Hong Kong in 2005 (Stock Code: 03399), with main businesses in vehicle transportation, integrated logistics services and related highway services. In 2015, the company’s total assets recorded RMB7.144 billion, with more than 20,000 employees. The Group has great advantages in highway and logistics services and owns a substantial scale retail outlets.