SinoHub Receives RMB 4.15 Million of New Funding from Private Swedish Investor
Company Positions Itself for Leadership in Emerging 3PL and 4PL Markets for Electronic Component Supply Chain Services in PR China
BOSTON, MA (PRWEB) November 7, 2004 -- SinoHub, Inc., a Boston-based holding
company whose primary asset is SinoHub Technology Company, LTD of Shenzhen, PR
China, today announced that it has successfully completed a RMB 4.15 Million
round of funding from Jan Rejbo of Stockholm, Sweden. The company will use the
funds to accelerate its growth in the emerging third and fourth party logistics
services businesses for electronic components in PR China. Already a leading
company in this rapidly growing field, SinoHub will use these funds to propel
itself into a dominant position for logistic services related to imports of
electronic components into China and for logistics services for electronic
components produced inside China.
Latest reports show the volume of
electronic components being imported into PR China has crossed the US$ 3 billion
per month mark and that the development of new fabrication facilities for
electronic components inside China in proceeding very rapidly.
“I believe
that SinoHub’s unique service offerings and software technology will rapidly
become synonymous with electronic component logistics services and specialized
electronic component software solutions in PR China,” said Mr. Rejbo. “I am also
excited about our prospects to expand our service offerings within the context
of SinoHub and through joint ventures.”
“This commitment from Mr. Rejbo
is a testament to the uniqueness of our service offerings, our technology and to
the exciting prospects for our company,” said Lei Xia, President of SinoHub. “We
are the first company to fully apply the principles of world-class international
3PL solutions in the electronic component area to Mainland China. For our
software solutions, our clean, three-tier, browser-based client architecture,
our revolutionary new technology and our focus exclusively on electronic
components will clearly differentiate our solutions.”
SinoHub Service and
Software Solution Offerings
The Integrated Supply Chain service suite
provided by Sinohub, SinoHub Electronics Harborä, is tailored to the electronic
components business requirements in China. It helps electronic component
industry participants reduce inventory costs, shorten purchasing lead-time and
solve RMB purchasing and VAT invoicing problems. Our software solutions for
electronic component warehouse management and order tracking are ideal for all
participants in China’s burgeoning electronics industry. SinoHub also helps our
customers sell their obsolete parts on a sales agent basis.
New Board
Member
In addition, Mr. Rejbo will join the SinoHub board of directors,
contributing his broad business insight and expertise to the company.
“Jan Rejbo brings invaluable business and financial experience to the
table,” commented Harry Cochran, Chairman. “His knowledge base will help guide
and strengthen SinoHub’s ability to lead the electronic component 3PL and 4PL
markets in China.”
About SinoHub, Inc.
SinoHub, Inc. was organized in
Boston in March of 1999 by veteran entrepreneur Harry Cochran and electronic
component industry veteran Lei Xia to facilitate the electronics revolution in
China by providing world-class services and software solutions for all
participants in the supply chain of electronic components.
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Source : http://www.prweb.com/releases/2004/11/prweb175624.htm
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