Jiangbei is a wholly owned subsidiary of Wuhan Iron and Steel Group (WISCO). Its primary capabilities are in the production of steel and related products. TBG is an investment advisory firm headquartered in Beijing.

The ceremony was held at the Wugang Hotel in Wuhan, Hubei province, and was hosted by Mr. Peng Chen, Vice General Manager and CFO of WISCO. The participants included a team led by Mr. Howard Balloch, President and Founding Partner of TBG, Mr. Deng Qilin, General Manager of WISCO, Mr. Liu Xinquan, Assistant to General Manager of WISCO and Chairman of Jiangbei Co., Mr. Lu Shaolong, Assistant to General Manager of WISCO and Director of the Engineering Management Department of WISCO, and a number of other guests.

It is the second time TBG and WISCO have worked together. Prior to this agreement, TBG helped establish a joint venture between WISCO and the Wire Rope Corporation of America.

TBG president Mr. Balloch explained that he was pleased to have the opportunity to continue working with WISCO, one of China’s premier iron and steel enterprises. “TBG would like to support WISCO’s internationalization and enable it to become one of the world’s leading iron and steel enterprises,” said Mr. Balloch. Mr. Deng praised TBG, calling it a strong and reliable international investment consulting group, noting the two parties’ successful cooperation on the wire rope project.