RCG Holdings Limited
Hong Kong, Mar 24, 2009 AEST (ABN Newswire) - RCG Holdings Limited (HKG:0802)(LON:RCG) has a record breaking performance and growth prospect in its industry. Despite the financial turmoil, the company continue to record growth in company equity and EPS. The company has a turnover of HKD $2,002 million in FY 2008 representing a whopping 4,348% growth over the last 5 years.
Dr Raymond Chu suggests that the company is highly customer focus and has devoted a lot of resources in developing its sales and distribution network to meet the needs of the market. That customer focus mentality differentiates his company from the rest of the competitors.
The company made a wise decision to venture into China and establish its present in China about 2 years ago. China, as one of the largest growing economies in the world today, has proven to be a success for the company by driving new long term contracts to the company.
The company has worked closely with the two largest banks in China, namely the Bank of China and Construction Bank of China in development and implementation of RFID Asset management solution and RFID VIP identification solution. Further to their success in providing solution base projects to large enterprises, the company also succeed in winning long term contracts from the Chinese government since 2007.
The company secured numerous contracts from government backed projects including stadium operations, hospital RFID and Containers Ports.
In 2009, the company will continue its development in South East Asia and also from the Middle East Region, including operations in Dubai, Qatar, Jordan and Oman.
RCG was a dual listed company. RCG was listed in the London AIM market in 2004 and also listed in the Hong Kong Main Board as of the 1st Quarter of 2009
About Dr Raymond Chu
Dr Raymond Chu is the founder of RCG Holdings Limited. He is also the CEO and the chairman of the company responsible for the group’s global business development, operation and management. Before starting his company in 1999, Dr Raymond Chu is a well respected lawyer in HK. He was graduated from the University of Bristol, England in 1984 and was admitted as a solicitor in HK in 1987.
Contact
Investor Relations Department
Tel: +852-3669-6999
Fax: +852-3669-6888
Email: ir@rcg.tv
Website: http://www.rcg.tv
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