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Article: AMWAY ASIA PACIFIC ANNOUNCES TEMPORARY SUSPENSION OF SPONSORING ACTIVITIES IN CHINA; NORMAL SALES ACTIVITIES CONTINUE
- Article from:
- PR Newswire
- Article date:
- November 1, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HONG KONG, Nov. 1 /PRNewswire/ -- Amway Asia Pacific Ltd. (NYSE: AAP; ASX: AMW) announced today that its affiliate in the People's Republic of China has directed its distributors to temporarily stop sponsoring activities pending the completion of a governmental review of all multi-level marketing companies in China. All of Amway China's other business activities, including product sales, will continue.
This action is being taken pursuant to a recent circular issued by the State Council in Beijing calling for a review of all licensed and unlicensed multi-level marketing companies. The review, which aims to curb unlicensed operators and unethical business practices, ...