ASIA - Organiser ITE Group has announced a joint venture with Hong Kong-based Worldcoat Exhibitions.
The new venture includes the acquisition of exhibitions, ChinaCoat and SFChina from Sinostar International, and subsequently forms a new subsidiary organiser of ITE Group, Sinostar ITE.
Worldcoat Exhibitions, owned by Raymond Ho and family, is now a 50 per cent share holder in Sinostar ITE.
ChinaCoat and SFChina cater for the decorative, industrial coatings and finishing industries in China.
This year’s exhibitions will run alongside each other and will be held at the Shanghai New International Expo Centre on 20-22 November.
"This is an important step as we begin building a business in China and it further increases our presence in the wider Asian region,“ said ITE Group's CEO Russell Taylor (pictured).
“This joint venture represents progress in achieving the Group’s aims to expand its territorial operations in markets with further potential for growth."
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