Tongda Group Selected to Forbes Asia 200 “Best Under A Billion” List
(Hong Kong, 7 August, 2016) – 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.”