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HONG KONG, Sept 3, 2013 - (ACN Newswire) - China ZhengTong Auto Services Holdings Limited ("ZhengTong Auto" or the "Company", together with its subsidiaries, the "Group", stock code: 1728), a major luxury branded 4S dealership group in China, is pleased to announce that the Group was selected by Forbes as this year's The 50 Best Publicly Traded Companies in Asia-Pacific ("Asia's Fab 50"), the twelve position. It shows that the Group has good performance in revenue, profit, return on capital and share-price movements.
Businesses are being tested throughout the region, economic slowdown, instability in the markets, business environment all present challenges. Companies that are not only surviving but still booming in the face of adversity make up the Forbes ninth annual roster of Asia-Pacific's best 50 big listed companies. Some 20 Chinese companies make the list, again dominated the list this year. The enterprises on the "Asia's Fab 50" list are selected by Forbes among Asian publicly traded companies with at least USD3 billion in revenue or market capital, and factors like revenue, profit, return on capital, recent results, share-price movements and prospects are also considered. As the selection criteria of Forbes are conscientious and stringent, the 50 enterprises on the final list all have a solid financial performance, and also have excellent management and entrepreneurial skills.
Mr. Wang Kunpeng, Chief Executive Officer of ZhengTong Auto said, "In the past three years of the global economic volatility, we have maintained good performance in revenue, profit, return on capital and share-price movements, furthermore, the recently announced 2013 interim results are better than expected and outperform. We are very pleased that the Group is one of the winners in this year's Forbes Asia's FAB50. This award has proved our financial performance and future prospects, showing that the Group has successfully maintained outstanding performance in the capital markets, and also further established the leading position of ZhengTong Auto as China's major luxury brand 4S dealership group. In the future, we will start from a higher starting point, actively seize the investing opportunities, enhance operational management capacity, promote the sustained and coordinated development in order to create the optimal returns to our investors."
Contact:
Porda Havas International Finance Communications Group
Kelly Fung
Tel: +852 3150 6763
Email: kelly.fung@pordahavas.com
Angie An
Tel: +852 3150 6736
Email: angie.an@pordahavas.com
Kannie Lam
Tel: +852 3150 6721
Email: kannie.lam@pordahavas.com
Tracy Yang
Tel: +852 3150 6752
Email: tracy.yang@pordahavas.com
Fax : +852 3150 6728
Topic: Press release summary
Source: China ZhengTong Auto Services Holdings Limited
Sectors: Daily Finance, Automotive
https://www.acnnewswire.com
From the Asia Corporate News Network
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