China Wireless (CWLC.OB) is in discussions with a leading managed services company in Tianjin for the proposed acquisition of Tianjin Create Company by China Wireless.
Pete E. Racelis III, President and CEO of China Wireless, says, "This opportunity not only significantly increases our capacity to expand and support our Wireless Fiber products across China but also will result in new complementary services being added to our product line. It provides us with the opportunity of serving new customers and markets."
This latest move follows China Wireless's strategic business partnership with Jiaxin Group, Inc.
China Wireless says it will continue to update its shareholders and the financial community as to its progress moving forward with Tianjin Create Company.