HONG KONG, Sept. 4, 2014 /PRNewswire/ -- China ZhengTong Auto Services Holdings Limited ("ZhengTong Auto" or the "Company", together with its subsidiaries, the "Group", stock code: 1728) is a leading luxury brand 4S dealership group in China. The Group is selected for the second consecutive year on the Forbes Asia's "Fabulous 50" list ("Forbes Asia's Fab 50") in recognition of outstanding achievements in corporate management as well as operational and financial performance.
Forbes Asia has selected the Fab 50 companies from a pool of 1,300 publicly traded companies in Asia-Pacific with at least US$3 billion in annual revenue or market capitalisation. The evalutaion criteria included revenues, earnings, return-on-capital, share-price performance and industry outlook. All 50 winning companies demonstrated strong financial track records along with great management and entrepreneurial expertise.
Mr. WANG Kunpeng, Chief Executive Officer of ZhengTong Auto said, "We are highly honored once again to be included on the Forbes Asia's Fab 50 list as one of Asia's elite companies and are grateful for their recognition of our outstanding managerial excellence and operational performance as well as our promising business outlook. This is a clear reflection of ZhengTong Auto's leading luxury branded 4S automobile dealership position in China. Going forward, the Board and management of the company will continue to take advantage of market opportunities that emerge in the local and international automotive industry. Our staff as well will continue to work in concert to promote the sustainable and rapid development of our business while seizing high value investment opportunities. Our aim is to enhance our operational management and facilitate sustainable coordinated development, in order to reward investors as well as shareholders for their trust and support."
About China ZhengTong Auto Services Holdings Limited
ZhengTong Auto is a leading luxury branded 4S automobile dealership group in China focusing on luxury and ultra-luxury brands, namely, BMW/MINI, Land Rover/Jaguar, Volvo, Audi, Mercedes and Porsche. while operates 4S dealership stores for mid-market brands, namely Nissan and Honda. The Group currently operates a nationwide distribution network with 99 stores across 14 provinces and municipalities in China and is well positioned in both established and affluent first-tier automobile markets as well as rapidly growing second- and third-tier regions. Each of the 4S dealership stores integrates the four key principals of automobile-related operations : sales, spare parts, services and surveys, and offers a broad range of automobile sales, after-sales services and automobile extended services.
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