Chinese cable company Wanma's trading arm expands in Singapore

Metaspark Resources, a trading subsidiary of Chinese cable producer Wanma Group, is expanding in Singapore and has plans to open offices elsewhere in the near future, newly appointed director, base metals in Singapore Simon Xu told Metal Bulletin.

“The Chinese government has incentives for its big companies to go outside China,” Xu said about the reason for expanding in Singapore. “It is also Wanma’s strategy to diversify assets overseas,” he added. Xu, who until recently worked at UIL Singapore as a trader, will be responsible for expanding Metaspark’s base metals presence in Asia and will be leading the trading...

Published

Shivani Singh

June 09, 2016

12:44 GMT

Singapore