CDC Global Services and Zhangzhou Development Zone Plan to Invest in High-Tech Food Processing Park
14 Abril 2011 - 7:00AM
Business Wire
CDC Global Services, a business unit of CDC Corporation (NASDAQ:
CHINA) and a provider of IT and IT-enabled services and consulting,
announced that it signed a memorandum of understanding with the
Administrative Committee of China Merchant’s Zhangzhou Economic and
Technology Development Zone (“China Merchant Group”) to invest in a
High-Tech Food Processing Park in that region, as well as to plan
projects involving the development of food processing technology
solutions and aged care solutions for the China market.
As part of this partnership, CDC Global Services and China
Merchant Group plan to set up a R&D center near Xiamen
University Campus to develop new software solutions for the food
processing industry, focusing on areas such as food safety. As part
of this agreement, CDC Global Services and China Merchant Group
also plan to host an international food safety IT application
seminar in Zhangzhou in the second quarter of 2011. In addition,
both organizations plan to study how to use IT to enhance
management level and service quality of the aged care market in
China. CDC Global Services also expects to leverage the expertise
and solutions of CDC Software that offers its Peoplepoint
solutions, which enable care suppliers to achieve business
efficiencies while improving the quality of care for their elderly
residents.
"We are very excited to partner with China Merchant Group to
promote food safety and aged care projects in China,” said CK Wong,
CEO of CDC Global Services. “We also are creating a model to follow
within this region with the collaborative partnership formed
between corporate business, government and a higher learning
institute. Zhangzhou has agricultural resources which give the food
processing industry a solid foundation. That is one reason why we
believe this project is a good investment. We also believe our aged
care project with China Merchant Group will eventually be ideal for
that region when you consider the favorable combination of fine
ecological, cultural science, tourism, sports and leisure,
entertainment and eco-living resources there. We believe that all
of these attributes will contribute to the development of a modern
aged people care and services business in China."
Hu Zheng, executive director of the Administrative Committee of
China Merchant’s Zhangzhou Economic and Technology Development Zone
and corporate vice president of the China Merchant Group said, "We
welcome CDC Global Services’ investment in Zhangzhou. In the past
few years, we have made great progress here, however, most of our
development was focused on the construction of ports, highways,
machinery manufacturing, and metal products. CDC Global Services’
projects represent a milestone for the transition of our industrial
structure here."
Zhangzhou Development Zone is a national development zone and
has already completed the industrial layout of three of its core
industries: food, machinery and metals manufacturing. Food
manufacturing represents a key target industry for Zhangzhou
Development Zone.
About CDC Global Services
CDC Global Services provides IT consulting services, including
platform-specific services for Microsoft and SAP, as well as
project management, staff augmentation, managed-help desk solutions
and a full range of business process outsourcing offerings. It can
also provide hardware for data collection and RFID, through
partnerships with some of the industry's most reputable vendors.
CDC Global Services embraces a customer-first approach being able
to draw upon a wide range of expert resources to address each
customer's unique business needs, while keeping their best interest
as a top priority. CDC Global Services customers benefit from
streamlined vendor management and the ability to control project
costs, while being able to access the right IT resources through a
singular point of contact. For more information, please visit
www.cdcglobalservices.com.
About CDC Corporation
CDC Corporation is a China-based value-added operator of, and
growth investor in, hybrid (on premise and SaaS) enterprise
software, IT, and new media businesses. The company pursues two
value-added investment strategies. The first strategy includes
actively managing majority interests in its core portfolio of
hybrid enterprise software, IT services and New Media businesses,
adding value by driving operational excellence, top-line growth and
overall profitability. The second strategy includes identifying and
executing on opportunities to co-invest with leading venture
capital and private equity funds through minority interests in
fast growth companies in emerging markets related to CDC
Corporation’s core assets. This second strategy, which complements
the first, helps to mitigate risk and enhance deal flow for the
company. CDC Corporation expects to deliver superior returns and
additional value for its shareholders through these strategies, as
well as through its plans to declare and pay regular dividends in
the form of registered shares of its publicly listed subsidiaries
and other assets. For more information about CDC Corporation
(NASDAQ: CHINA), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
statements regarding CDC Global Services’ and Zhangzhou Development
Zone’s plans, including those to build a high-tech food processing
park and establish an R&D center, our expectations regarding
expansion with the Zhangzhou Development Zone, our expectations
regarding any future plans or projects with the Zhangzhou
Development Zone, our expectations regarding involvement of CDC
Software in this initiative, our beliefs regarding the benefits of
this investment to the Zhangzhou region and the company, including
the potential success of this project, our expectations regarding
the partnership and high tech park, including the closing thereof
and the receipt of any requisite approvals and the satisfaction of
any required conditions, and other statements we may make. These
statements are based on management's current expectations and are
subject to risks and uncertainties and changes in circumstances.
There are important factors that could cause actual results to
differ materially from those anticipated in the forward looking
statements. If any such risks or uncertainties materialize or if
any of the assumptions proves incorrect, our results could differ
materially from the results expressed or implied by the
forward-looking statements we make. Further information on risks or
other factors that could cause results to differ is detailed in
filings or submissions with the United States Securities and
Exchange Commission made by CDC Corporation in its Annual Report
for the year ended December 31, 2009 on Form 20-F filed on June 30,
2010. All forward-looking statements included in this press release
are based upon information available to management as of the date
of the press release, and you are cautioned not to place undue
reliance on any forward looking statements which speak only as of
the date of this press release. The company assumes no obligation
to update or alter the forward looking statements whether as a
result of new information, future events or otherwise. Historical
results are not indicative of future performance. For these and
other reasons, investors are cautioned not to place undue reliance
upon any forward-looking statement in this press release.
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