Singapore/Guangzhou, 18th July: SingEx Holdings has announced that it has acquired a majority stake in an event organiser and “event business solutions provider” in China. Worldex is a Guangdong-based organiser. Singex has acquired the stake from Fiera Milano. As a result of the deal, SingEx has formed a new subsidiary, Worldex-SingEx (Guangzhou).
Under the new subsidiary, SingEx plans to expand into markets in Southeast Asia, India and China. Under the Food Hospitality World China (FHW) brand, Worldex-SinEx plans to build a portfolio of imported food tradeshows in China in collaboration with food import associations, trade councils, logistics and ecommerce companies.
Working with CCPIT and other organisations, Worldex-SingEx has already begun efforts to advance what it sees as a “Belt and Road Initiative” (BRI). The new subsidiary will also enable SingEx to bring its core portfolio to China including shows such as IoT Asia and the Last Mile Fulfilment Asia.
Source: TTGmice article