Heidi Baugstø, Chairman of Ocean Aquafarms, together with Carol Shang, Business Development in Ocean Aquafarms, led a group of Stavanger politicians to visit Yantai, China in October 2017. Due to long term business relationships with CIMC Group through Ocean Aquafarms and related companies, Heidi Baugstø was asked to assist in developing a cooperative relationship between Stavanger and Yantai.
The delegation visited leading companies of different industries in Yantai, such as O&G, aquaculture, smart city, wine production, tourism etc. The visit gave both parties a very good understanding of the potential for cooperation, and laid great foundation for further bilateral dialogue.
A round-table meeting led by the Deputy Mayor of Yantai Mr. Zhang Dailing and senior Stavanger politicians John Petter Hernes and Dag Mossige took place. During the meeting, they exchanged information about the two cities and identified key areas of joint interest. The long-term strategic cooperation between CIMC and Ocean Aquafarms was highlighted and promoted as a good example for further cooperation between the two cities. At the end of the meeting, a Letter of Intent on establishing a friendly cooperative relationship between Stavanger and Yantai was signed. Ocean Aquafarms AS and CIMC Yantai Raffles also signed a cooperation agreement.