PEN signs partner agreement with Shanghai Construction Union Development

PEN Concept Group AB (PEN) has signed a strategic partner framework cooperation agreement with Shanghai Construction Union Development Co., Ltd. (SCU). SCU runs and operates a business-to-business networking platform within architecture, construction and interior decoration industries, enabling exchange of services and products between network parties. The agreement gives PEN right to explore and target project opportunities from the SCU domestic business-to-business platform. SCU has also appointed PEN to represent SCU in Scandinavia in finding interior design and decoration materials for the Chinese market.

Johan Burtus, CEO at PEN Concept Group, explains:
“The B2B platform operated by SCU gives PEN access to a substantial amount of potential clients and business partners. This is yet another step taken to strengthen PEN’s position on the Chinese market”

For any inquiry regarding this press release, kindly contact:
Johan Burtus, CEO, PEN Concept Group AB
E-mail: johan.burtus@pen.se
Phone: +46 738 000 460

This information is insider information that PEN Concept Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on December 28, 2017.

PEN Concept Group in brief
PEN Concept Group AB is a turnkey of interior and products for shops, exhibitions, events, restaurants and showrooms. The group runs its business through its Swedish subsidiaries PEN Interiör AB in Jönköping, PEN Shop Concept AB in Lerum and GOODS Sweden AB in Växjö. In China, sales and manufacturing is located to Qingdao where the subsidiary Oboya Shop Concept Qingdao Co., Ltd. is located.