Wuhan Wellsound Import & Export Trading Co. Ltd. China (Mainland)

Wuhan wellsound international trade & economy holding co. Ltd. Was approved in april, 1993 by the ministry of foreign trade and economic cooperation of the people's republic of china and the government of Wuhan. The corporation has regulated its administration and management and focused on foreign trade according to the requirement of modern corporation system since it was founded. Meanwhile, it has built up and improved its juridical person management structure including shareholders meeting, directorate and supervision committee. As a result, the corporation has gained satisfactory benefit and achieved more than the others in the same field. On february 25th, 2001, the office of the city committee and the city government issued the notice of 'the project of rebuilding Wuhan wellsound international trade & economy holding'. According to this, the corporation was renamed Wuhan wellsound international trade & economy holding co. Ltd. From its original one Wuhan garments import & export co. Ltd. Being the core company of Wuhan hansun international trade & economy holding. And now, the company's shares have increased up to 50. 08 million as a result of the capital collection and shares expanding as well as the assets rearrangement. The corporation has become a large outward, comprehansive and intensive state-held enterprises group by way of admitting superior corporations, fine assets and excellent talents from both inside and outside the foreign trade circle. Now it accelerates the process of ipo (initialpublic offer) . The corporation consists of 10 member enterprises, 10 business departments and 6 comprehensive management, while the foreign enterprises include five star international trade & economy co. Ltd. And Wuhan. Kobe trade & economy co. Ltd. The corporation possesses the well-developed international marketing network, the domestic goods resources purchasing network and science and research bases, which made the gross income of imports and exports add up to $100 million per year. These 10 member enterprises' registered assets summed into 47. 24 million yuan, 66% shares of which belong to the corporation after it invested 31. 20 millions yuan. Consequently, the corporation tends to be a state-held and combined ownership company obviously. Its business scope includes: Import and export of various kinds of merchandise and technology, processing for export with supplied or imported materials and designs, compensation trade, counter trade, entrepot trade and the import of government-licenced goods. Wuhan hansun international trade & economy holding co. Ltd. Expect that the sales income will be 2 billion yuan and the gross income of imports and exports will be $200 million per year in 2 years. It does its best to rank itself among the top 100 foreign trade corporations in china by strengthening its dominant business in wuhan's economy. It is believed that hansun is becoming the largest enterprise in our district that can back up the foreign-related economy in Wuhan. The corporation aims to survive on quality, to develop on science, to enlarge its domestic and overseas market by selling its excellent goods and service, so as to create the world-famous brand and become an international group.