24th Sep 2015 10:15
LONDON (Alliance News) - Outsourcer G4S PLC on Thursday said its G4S International Logistics has signed a deal in China which will make it an approved service provider to the Shanghai Gold Exchange and the Bank of Communications in China.
The FTSE 100-listed company said its logistics arm will now be authorised to deliver gold bullion to the Shanghai Global Exchange vault.
"G4Si is very proud to have achieved this significant milestone in its network development. We are excited about this expansion into China and the opportunity to work more closely with Chinese banks and institutions. This is a significant development of UK and China bilateral trade," said Julian Haskard, G4S International Logistics' Asia Pacific regional director.
G4S shares were down 0.4% to 234.00 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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