BICES joins hands with Ritchie Bros.

Ritchie Bros. Auctioneers announces its latest plan and joins hands with BICES for promotion and cooperation.

In order to better boost the channel promotion and realize the development in the global perspective, and further push forward the markets as the hotspot of the industry, BICES and Ritchie Bros. Auctioneers have reached an agreement to take advantages of their own superior resources for business promotion.

On Nov.28, 2012, Ritchie Bros. Auctioneers, the largest auction shop in the world, held news conference and officially announced that it had been approved by Chinese government to establish an exclusively foreign-owned enterprise the other day, which is also the first foreign-owned auction company approved in China. Mr. Peter, CEO of Ritchie Bros. Auctioneers, attended the conference and announced his plan to openly hold the auction activities without base price in Beijing in 2013. Afterwards, Peter signed the Memorandum of Cooperation with Mr. Huang Xiaomin, President of BICES. The two parties expressed that they were full of expectation and confidence that they would develop broad, in-depth and effective cooperation in terms of domestic and overseas market promotion, client invitation and channels.