So now lets go to china and play CHINA SUBSIDIARY The company...

So now lets go to china and play

CHINA SUBSIDIARY The company has continued with negotiations with potential investors and as a part of the China strategy established an office in Shanghai which is being used as its base in China and is a further step in its partnering with Chinese companies wishing to join Padbury in its ambitions to develop the Midwest iron ore industry. The office is located in the Min Hang District and is easily accessible for businesses wishing to work with Padbury. Padbury also established a wholly owned subsidiary in Shanghai, China - Padbury (Shanghai) Enterprise Development Company Limited. The company received its Certificate of Approval from the Chinese authorities for the establishment of enterprises with foreign investment in the People’s Republic of China Padbury (Shanghai) Enterprise Development Company Limited will be used as a vehicle to progress Padbury’s dealings in China.