CNTC and BAT joint venture in business

CTBAT International Ltd., a Hong Kong-incorporated joint investment of subsidiaries of China National Tobacco Corp. and British American Tobacco, “recently” started “official business operations,” according to a note posted on BAT’s website.

The joint venture owns and will manage worldwide the international cigarette trademark State Express 555.

It will own also the worldwide rights outside China to the brand Shuang Xi.