Catering to the growing number of China-based companies, StarInvest Group Inc. (OTCBB: STIV) said it will make a formal application this week with the Shanghai, China Municipal Government of the People’s Republic of China to form a China Representative Office.The company said the establishment of an operation in Shanghai will allow it to offer its services to China-based companies wanting to extend their business reach to the United States.
StarInvest Group is a business development company providing financing, management and strategic partnerships to micro-cap companies. The company invests in other companies and works with them so they can become publicly traded – recognizing the growing number of Chinese companies operating in the U.S. StarInvest is working to assist them in becoming public.
“A lot of these small and medium sized Chinese companies are already doing business here in the United States and they want to become a public company in the U.S. as the majority of their business, in some cases, is over here already,” Robert Cole, CEO and CFO of StarInvest, told Market News First. “[We will] help [the companies] not only raise money, but also help them in an advisory capacity.”
The company recently appointed Glenn Matthews to serve as COO for StarInvest and is currently in China as a representative for the company. Matthews’ familiarity with the market and 10 years of experience working with companies in China will assist the company as it works to establish its office in China.
Cole said he expects the application process to take about three weeks to complete and that StarInvest already has companies interested in utilizing its services.