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HRG Hong Kong wholly owned: HRG acquires remaining shares in joint venture

Hogg Robinson Group (HRG), the award-winning international corporate services company, has confirmed that it has today acquired the shares which it does not already own in HRG Hong Kong, a joint venture business in which HRG is a 51% shareholder alongside Westminster Travel Limited who own a minority interest of 49%. HRG will now own 100% of the business.

David Radcliffe, Chief Executive of HRG, comments: “I am obviously very pleased to be making public our purchase of the remaining shares in this joint venture and in seeing HRG Hong Kong become one of our wholly owned businesses. 

“Today’s announcement follows a review of our investment and presence in this increasingly important part of the world and reinforces our commitment to the Asia Pacific markets.  It will help us present our International clients with further seamless opportunities as we consolidate and maximise their expenditure across the Globe.”

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