00360 NEW FOCUS AUTOWatchlist
About NEW FOCUS AUTO Company
The Group is a well-known large-scale automobile after-sales integrated service chain in Greater China. Currently, it has nearly 100 direct automobile maintenance chain service and auto department store wholesale business outlets in mainland China and Taiwan. Its main business includes automobile maintenance, fine cleaning and beauty, sheet metal painting, insurance agents, and auto parts sales. The Group is also engaged in the manufacture and sale of automotive electronic power accessories, and its products are sold to the mainland, North America and European markets. The Group was listed on the Hong Kong Main Board in February 2005 (Hong Kong stock code: 0360) and issued a depository receipt in Taiwan in October 2009 (Taiwan stock code: 9106), becoming the first automotive aftermarket service company in Greater China to be listed in Hong Kong, China and Taiwan. In August 2013, Dinghui Investment, a well-known private equity fund in China, became the controlling shareholder of the Group, providing a broader platform for the Group's development. Dinghui Investment was founded in 2002 and currently manages more than 10 billion US dollars of funds, including private equity, venture capital, real estate investment and securities investment funds. Its investors are mainly from more than 100 international and Chinese institutional investors, including sovereign funds of various countries, pensions of various countries (such as China's Social Security Fund Council), endowments, family funds, etc. Dinghui Investment has more than 100 investment professionals and support professionals, and has offices in 7 locations in Southeast Asia, including Hong Kong, Beijing, Singapore, and Shanghai. In 2012, Dinghui Investment topped the list of “Best Chinese Private Equity Investment Institutions” by Forbes Chinese magazine.
New Focus Auto Acting Chairman Confirmed for Full-time Role
New Focus Auto Tech Holdings (HKG:0360) appointed Tong Fei as permanent board chairman, effective today, Nov. 24. Tong was named acting chair of the automobile service provider following the resignati
New focus (00360.HK): Tong Fei, acting chairman of the company, was reappointed as chairman of the company
Gelonghui November 24 | New Focus (00360.HK) announced that Tong Fei, acting chairman of the company, will be reappointed as chairman of the company, effective from November 24, 2023.
Is New Focus Auto Tech Holdings (HKG:360) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will