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EastBridge Investment Group has announced that the wine products of its 15% owned Arem Wines based in Australia, are now being distributed in 1,000 Chinese retail outlets.
The company has also announced that Thomas Tang, president of Arem Wines, has agreed to become the managing director for EastBridge.
Norm Klein, COO and CFO of EastBridge Investment Group, said: "For Arem to achieve this marketing milestone in China in such a short period speaks highly of the popularity of Australian red wine in China. We expect Arem's Chinese market to grow exponentially."
Dr Tang, president of Arem Wines, said: "We have been focusing our marketing effort in China because we see the enormous potential there. The marketing effort and the acceptance of our quality product are fueling each other."
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