Singapore Business Overview

Guangzhou Global Telecom has successfully established Huantong Telecom Singapore Company Pte Ltd as a subsidiary in 2007, emphasizing the group’s vision of business globalization .As a modern entrepolis, Singapore is home to some 7,000 multi-national corporations, and about 100,000 SMEs (small and medium-sized enterprises).

Today, Singapore is a leading tele-communication hub in South-east Asia and the region. Due to Singapore’s excellent strategic location, the setting up of Huantong Telecom Singapore Company Pte Ltd will tap into Singapore’s excellent infrastructure, extensive connectivity and pro-business environment to expand towards the global market. Huantong can also leverage on Singapore’s sophisticated market and vibrant communications eco-system to tap into the growing Asian Pacific region and beyond.

With its multi-cultural racial harmony and stability of the local Government, many International Organizations and Major Banks have established their regional headquarters in the heart of Singapore, to serve as a hub for clients especially in the South-East Asia region and ASEAN members. Singapore has also been rated as one of the most business-friendly economy in the world, with thousands of foreign expatriates working in multi-national corporations.

To compete with regional rivals like Hong Kong, Tokyo and Shanghai, the local Government has put every effort to transform Singapore into a prime tourist destination, especially with two upcoming Integrated Resorts (IR) and Casinos, namely the “Marina Bay Sands” by US hotel and casino group Las Vegas Sands Corp set to be ready in 2009, and “Resorts World” developed by Genting International which will be ready by the Year 2010.

Huantong will also be able to take advantage of the ‘Singapore’ brand name – a mark synonymous with quality, reliability and efficiency. Additionally, the company will capitalize on the pool of Singapore’s skilled talents and cosmopolitan environment, with much other strength for greater global competitiveness.

Group CEO and Chairman of the Board, Ms Li Yankuan, reiterated an important point, “Singapore is a global city where people from all over the world come to work, live and play. The city offers a globally connected, pro-business environment with a strong, stable infrastructure to boost and sustain exceptional growth with high successes in today’s competitive market.” She added, “We are speaking to a few local SMEs in the tele-communications industry with vast business networks across the globe at the moment. The potential link will forge synergies across our business’ value chain of complementary activities. Year 2008 will be a fulfilling year for the company in terms of revenue growth and expansions into foreign markets to diversify the core businesses and the Group is definitely on track to explore and take advantage of any profitable opportunities.

Guangzhou Global Telecom was established in March of 2004. It aims to be a principal distribution agent for China Telecom, China Unicom, and China Mobile, and become the largest sales and distribution centre of mobile phones, mobile phone parts and cards in China.