G4S International Logistics becomes approved service provider to Shanghai Gold Exchange and Bank of Communications in China

Die Skyline von Shanghai einer große Hafenstadt im Osten Chinas, das als wirtschaftliches, finanzielles und kulturelles Zentrum des Landes gilt. ©unsplash.com

G4S International Logistics (G4Si) has signed an agreement in Shanghai, China, which establishes G4Si as an approved service provider to the Shanghai Gold Exchange (SGE) International Board and the Bank of Communications, China.

G4Si is now authorised to deliver gold bullion to the SGE International Board Vault. Since China is the world's second largest importer of gold bullion as well as the world's largest domestic producer, this is a key milestone in international support for the flow of physical gold. G4Si will promote deliveries of gold to the SGE International Board and service their products, encouraging acceptance of "Shanghai Gold" bullion standards in the global gold market.

The agreement was signed on centre stage at the Shanghai Stock Exchange, as part of The Right Honourable George Osborne's (Chancellor of the Exchequer), UK Trade Mission to China. The signing took place in front of over 600 invited guests. The agreement was secured with support from the UK Foreign and Commonwealth Offices (FCO) in Beijing and Shanghai.

Julian Haskard, Regional Director - Asia Pacific, G4Si said:

"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. We look forward to providing an extensive service in the international and domestic precious metals and valuable goods market, connecting China, the UK and beyond.

"I'd like to thank the UK FCO teams in Beijing and Shanghai for their highly professional support. They work tirelessly to help British businesses create value in China."

Ends

For further information, please contact Julian Haskard on:
Office +61 2 9232 5555
Email: julian.haskard@g4si.com
Matt Magee - G4S group media relations
Office: +44 20 7963 3333

Notes to Editors:

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About G4S International Logistics

G4Si is the secure international logistics business of G4S.

G4Si is the partner of choice for large organizations needing very high security solutions to international logistics risks. We serve governments, banks, gold mines, refiners and major corporates who need totally secure, fully insured, and completely integrated international transport solutions. The addition of the SGE service further expands our reach in over 130 countries.

About G4S

G4S is the leading global security company, specialising in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all of our markets.

G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 100 countries and has 611,000 employees.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: G4S plc UK DK via Globenewswire

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