【8 April 2011, Hong Kong】– China Zhongwang Holdings Limited announced the opening of a new Hong Kong office for establishing a stronger platform to enhance communication with the investment community as well as for the purpose of international business expansion. A cocktail reception was held at the new office situated on the 56th floor of the Bank of China Tower, a landmark building in the city centre, to mark the occasion. The event was warmly attended by over 70 guests who were all elites of the capital market in town, making it a truly memorable event to China Zhongwang.
Amongst the guests were top notch investment bankers and intermediaries in Hong Kong, including Mr. Henry Cai, Chairman of Corporate Finance, Asia of Deutsche Bank, Mr. Wiley O’yang, Managing Director, Investment Banking of UBS Securities Asia Limited, Mr. Yim Fung, Vice Chairman and Chief Executive Officer of Guotai Junan International Holdings Ltd., Ms. May Liang, Managing Director, China, Global Banking of HSBC Shanghai Representative Office, Mr. David Ng, Managing Director, China Investment Banking of Nomura International (Hong Kong) Limited, Mr. Sheng Wu, Managing Director, Greater China of Barclays Capital Asia Limited, Mr. Ma Xiao Wei, Executive Director of Olympus Capital, Mr. Alfred Tang and Mr. Alex Yu, both being Partners of Deloitte Touche Tohmatsu, and Mr. Chan Wing Luk, a highly reputable and popular stock commentator in Hong Kong, to name but a few. Moderated by the Phoenix TV anchor Ms. Ivy Zhu and with a special remark addressed by the Deutsche Bank Banker Mr. Henry Cai, the cocktail reception was a lively and enjoyable one to all participants.
The cocktail reception was hosted by China Zhongwang’s Executive Director and Vice President Mr. Lu Changqing, who was joined by Mr. Chen Yan, Executive Director and Vice President, Mr. Vincent Cheung, Chief Financial Officer, and Ms Harriet Lau, Managing Director, Hong Kong region of China Zhongwang. When delivering the welcome speech, Mr. Lu said, “The new Hong Kong office will serve the dual purpose of tapping opportunities in overseas markets as well as strengthening communication with international investors and media. Going forward, we will continue to strengthen our four major competitive strengths with respect to aluminum alloy smelting technology, die casting development capabilities, manufacturing know-how as well as new product research and development. We will vigorously enhance our deep processing capabilities and at the same time leverage our edge in aluminium extrusion products and our solid customer base to expand our business to high-end flat rolled products. The expansion into the flat rolled product business is expected to generate synergistic effect with our existing aluminium extrusion business and will contribute to forming a new engine to drive our sales and profit growth.”
Mr. Lu Changqing revealed the Company plans to develop high-end flat rolled products. The new business is expected to generate synergistic effect with the existing extrusion business and will form a new engine to drive sales and profit growth.
Mr. Henry Cai, Chairman of Corporate Finance, Asia of Deutsche Bank, congratulates China Zhongwang that it is in a high growth market segment. As the Chinese and other governments worldwide promote environmental protection in a bid to reduce energy consumption and carbon emissions, there will be increasing applications of industrial aluminum extrusion products in transportation, machinery, equipment and electric power engineering sectors, giving rise to a bright future for China Zhongwang.
One of the most influential stock commentators in Hong Kong Mr. Chan Wing Luk congratulates Zhongwang on its new office opening.
A ribbon cutting ceremony was hosted by China Zhongwang’s Executive Director and Vice President Mr. Lu Changqing, who was joined by Mr. Chen Yan, Executive Director and Vice President, Mr. Vincent Cheung, Chief Financial Officer, and Ms Harriet Lau, Managing Director of the Hong Kong Office of China Zhongwang.
