HONG KONG, Aug 7, 2016 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda Group") (Stock Code: 698) is pleased to announce that it has been selected among the Forbes Asia 200 "Best Under A Billion" companies this year.
The annual Best Under a Billion list highlights 200 champions in the small- to medium-size sector in the Asia-Pacific region with annual revenue between US$5 million to US$1 billion. The qualified companies are measured comparatively based on the following criteria: five-year return on equity, as well as sales and earnings growth in the last 12 months and the most recent three years.
Mr. Wang Ya Nan, Chairman and CEO of Tongda Group, said, "This recognition truly reflects the Company's performance, market-leading position and reputation over the years. As a world's leading solutions provider of high-precision components for smart devices, Tongda Group is fully committed to providing top-notch products to customers while creating satisfactory returns for shareholders and investors."
About Tongda Group Holdings Limited
Tongda Group is the world's leading solutions provider of high-precision components used in smart mobile communication and consumer electronic products. The Group has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2000, under the Information Technology - IT Hardware category, and has been selected as a constituent stock in the Hang Seng Composite SmallCap Index, Hang Seng Broad Consumption Index, Hang Seng Global Composite Index and the MSCI Global Small Cap Indices - China Index. The Group garners the DHL/SCMP Hong Kong Business Awards 2015-Enterprise Award and has been selected to the Forbes Asia's 200 "Best Under A Billion" list in 2016. Mr. Wang Ya Nan, Chairman and CEO of the Group has been named the winner in the technology category of EY Entrepreneur of the Year China 2016.
Leveraging its leading In-Mold Lamination ("IML"), metal casing production and rubber parts business technology and first-tier customers in the PRC's robust consumer market, the Group has established a solid presence in the markets for handsets, electrical appliances and notebook computer casings and related products. The Group is dedicated to satisfying customers' needs through establishing global service networks in various regions, with strategically located production bases in Shishi city, Xiamen, Shanghai and Shenzhen, as well as R&D centres in Shanghai and Taiwan.
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Aug 7, 2016 18:57 HKT/SGT
Source: Tongda Group Holdings Limited
Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
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