BPS Expansion into China Update

15th September 2015, ASX Announcement

BPS Technology Limited (ASX:BPS) today confirmed that its new Licencee in China, One World Express (HK) Limited, is looking to commence operations in the city of Shenzen – a major city in the south of Guangdong Province. Guangdong Provence has a population in excess of 104 million people.

One World Express (HK) Limited is headed up by Mr. Atul Bhakta, whose company  has extensive business dealings and operations in China and has prior experience with the Batercard operating model. The recruitment for locally sources staff has already commenced with the personnel expected to commence training in Australia once the full team is onboard.

Commenting on the deal, Mr. Bhakta said, “We are excited to be partnering with Bartercard given their strong and long standing reputation in operating trade exchange platforms. In addition, our extensive operations and contacts in China make this partnership an ideal fit for our organization. This partnership will provide unique opportunities for Chinese factories and distributors to sell their goods and services to the members within the other eight Bartercard countries.”

To read the full announcement, please click here.