HONG KONG, Nov. 21, 2013 /PRNewswire/ -- China ZhengTong Auto Services Holdings Limited ("ZhengTong Auto" or the "Company", together with its subsidiaries, the "Group", stock code: 1728), a leading luxury brand 4S dealership group in China, is pleased to announce that the Group was selected among the top 12 publicly traded companies by 2013 Asia's Fab 50 as well as the only company from China's retail sector.
A total of 26 companies from Mainland China, Hong Kong and Taiwan made this year's 2013 Asia's Fab 50 list. Forbes started with a pool of 1,220 companies that had at least US$3 billion in revenue or market capitalisation, and then evaluated revenues, earnings, return on capital, share-price movements and business outlook. All 50 winning companies demonstrated strong financial track records along with great managerial and entrepreneurial expertise.
Mr. Li Yi,Chief Operating Officer of ZhengTong Auto, attended the announcement ceremony and remarked, "ZhengTong Auto is indeed very pleased by this year's Asia's Fab 50 list, which signifies ZhengTong Auto's global recognition and China's leading luxury auto dealer and service provider. Going forward, we will continue to endeavor toward enhancing our operational management and maximizing growth opportunities throughout China. We are dedicated to both sustainable organic growth on the one hand and generating favorable returns to our investors on the other."
