September 24 - The Martin Bencher Group's office in Shanghai has been upgraded from Representative to Wholly Owned Foreign Enterprise (WOFE) status.
Through the new company set-up, Martin Bencher International Transport (Shanghai) Ltd. is now able to invoice customers in China in the local currency Renminbi (RMB).
"An increasing number of our regular customers have requested that we must receive payment in RMB in China and we can now meet their requirements," said Peter Thorsoe Jensen, CEO of Martin Bencher Group.
"With this strategic change we can also offer our services to Chinese companies who are unable to pay outside China - and most importantly, this is a further step forward for our domestic transport services in China, our fastest growing business area."
