HONG KONG, Jan.10, 2011 /PRNewswire-Asia/ -- The retail chain operator and distributor of quality home appliances and consumer electronic products in the third and fourth-tier markets in eastern China -- Huiyin Household Appliances (Holdings) Co., Ltd. (“Huiyin” or the “Company”, together with the subsidiaries, the “Group”; Stock Code: 1280) has been named as the Best Small-Cap Equity of the year at The Asset Triple A Awards 2011.
Mr. Cao Kuanping, Chairman, Executive Director and CEO of Huiyin, said, “We are very honored to be awarded the “2011 The Best Small-Cap Equity” Award by The Asset among all newly listed companies. Huiyin’s unique business model of self-operated stores, bulk distribution and franchised store businesses, coupled with its extensive and well-established network of after-sales services, enables the Group to achieve outstanding financial performance. With various supportive measures to stimulate domestic consumption and individual incomes implemented by the Chinese Government, we believe the household appliances industry will continue to grow rapidly. We are therefore confident about our business expansion and the development of third and fourth-tier markets in China.”
With 20 years of history, the judging panel of “The Asset Triple A Awards” comprise the magazine’s Board of Directors who have several decades worth of experience in assessing industry awards. Awards are presented annually to notable listed companies in recognition and appreciation for excellence in different fields.
About Huiyin Household Appliances (Holdings) Co., Ltd.:
Huiyin Household Appliances (Holdings) Co., Ltd. is one of the leading household appliance enterprises in the third and fourth-tier markets in eastern China. It is a retail chain operator and distributor of quality home appliances and consumer electronic products. The Company’s business focuses on retail, bulk distribution and after-sales services which are complementary to each other. With headquarters in Yangzhou, Jiangsu province, its sales and after-sales network presence in 30 cities/districts across Jiangsu and Anhui provinces.
For further information, please contact:
Porda International (Finance) P.R. Company Limited
Ivan Kau
Tel: +852-3150-6778
E-mail: ivan.kau@pordafinance.com.hk
Effie Ng
Tel: +852-3150-6733
E-mail: effie.ng@pordafinance.com.hk
Mokka Mok
Tel: +852-3150-6792
E-mail: mokka.mok@pordafinance.com.hk
Fax: +852-3150-6728
