12/05/2016 | Press release | Distributed by Public on 12/05/2016 04:56
（Incorporated in Bermuda with limited liability） (Stock code: 00500.HK）
(Hong Kong, 5 December 2016) Frontier Services Group Limited (FSG or the Company) (SEHK: 00500) is adjusting its corporate strategy to capitalize better on the opportunities available from China's One Belt, One Road (OBOR) development initiative. The updated strategic focus will enable FSG to offer its customers better access to the challenging markets surrounding China's borders.
From its inception, FSG has been focused on helping its customers operate more securely and easily in the frontier markets from Asia to Africa. OBOR focuses on connectivity and cooperation among countries primarily between the People's Republic of China and the rest of Eurasia. FSG is positioning itself to better serve its customers in these new markets by building new operational bases, expanded security service offerings, establishing a China based logistics team and developing strategic partnerships.
OBOR places a significant focus on the countries that surround China's southwest border, to ensure it remains close to its customers, FSG will be opening a forward operating base in China's Yunnan province. This will allow FSG to be able to better serve companies in Myanmar, Thailand, Laos and Cambodia. Subsequently, FSG will be opening a forward operating base in Xinjiang Uyghur Autonomous Region to serve businesses in the surrounding countries. These bases will provide training, communications, risk mitigation, risk assessments, information gathering, medevac and joint operations centers that coordinate security, logistics and aviation.
Given the risk profile of many of the countries along OBOR, FSG is further expanding its security offerings. Core services will include proactive engagement with FSG clients to develop a risk mitigation scheme prior to the activation of their programs. This may include pre-deployment training for personnel; Global Informational Network used to identify and analyze threats to develop mitigation of risks and uncertainty; Global Command Information Center coordinated with Regional Operations Centers for Crisis Management and Business Resilience; Transportation security, Personnel Protection programs and tracking, Camp/lodging design and supply chain security. The FSG Office of Safety and Security aims to act as a force multiplier for our clients and their
programs. We ensure that no matter the environment, the client is able to work safely and have confidence in the resilience of their business programs.
In addition, FSG is building a project logistics team in China to understand the challenges and needs of our clients working on projects along OBOR. The multidisciplinary team will be able to create solutions for clients across sea, air and land, enabling FSG to better deliver services across new frontier markets.
Finally, FSG is partnering with leading firms in China to bring customers customized insurance and aviation solutions. The unique challenges presented by OBOR will allow FSG to utilize the strengths of partners to create custom made products and solutions for these new markets.
About Frontier Services Group Limited
Frontier Services Group Limited ("FSG") (SEHK: 00500) is a publicly listed company on the Hong Kong Stock Exchange with its headquarters in Hong Kong, China and offices in Beijing, Dubai, Nairobi, and Johannesburg. FSG supports businesses operating in frontier markets overcome complex security, logistics and operational challenges. From Asia to Africa, FSG helps transport and protect your people, goods and equipment across air, sea and ground.
China media - please contact:
Wonderful Sky Financial Group Holdings Limited Nicole Liu / Coco He / Wendy Chan
T: +852-3970 2298 / 3641 1300 / 3970 2200
International media - contact Marc Cohen or Chris Wilson, PRO: E: [email protected]
T: + 44 20 7284 6969