KEN CARTER GROUP SIGNS AGREEMENT WITH YANDU GOVERNMENT
| Ken Carter Group has signed the Agreement with the Government of Yandu District, Yancheng City, Jiangsu Province, China, making its role as the Official Foreign Investment Representative an unprecedented first. | |
Ken Carter Group was approached by the Yandu Government mid-April 2007, to help it source for foreign investment into the district. To ensure that its clients are put more at ease, Ken Carter Group was issued a Mandate from the Yandu Government, making it the only Official Foreign Investment Representative for Yandu, where its role is to improve awareness of Yandu as a strong investment destination, source for potential investors, and to liaise with all such parties. |
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When asked about the decision to secure a Mandate, Mr. Carter E, Chief Executive Officer of Ken Carter Group responds, “This is good business practice. There are too many charlatans out there who claim to be this person, know that person, or can achieve almost anything. As such, many people, firms, and even large organizations have been swindled. A Mandate, we prefer to call it a Delegation of Authority (DA) among ourselves, serves as a form of authentication that Ken Carter Group is indeed who we claim to be. When you approach a potential investor who wants to invest in China, the Mandate provides official information that the investor can verify. |
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“It’s a very common mistake to take an ‘official’ document for real at sight,” Mr. E explains with a naughty inverted-commas-gesture, “You can’t be too safe nowadays. What the company should do is grab all the (necessary) information off the document, and use its own sources to verify it. Was such a document really issued? Remember the Beijing Olympics website scam. If due diligence was in place, those losses could’ve been avoided.” |
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Mr. Kenneth Shee, Chief Operating Officer of Ken Carter Group also states, “Ken Carter Group works FOR the Yandu Government. We cannot and have never intended to charge investors for the service. We see Yandu as a wise choice for businesses wanting to invest in China and really want to see Yandu flourish. While we are in the (employment) of the Yandu Government, we work in the best interests of all its clients. We believe in long term relationships with our contacts – that’s how the AIN Platform was built.” |
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Ken Carter Group’s Mandate is valid until the 16th May 2009, upon which a new Agreement will be negotiated. |
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