GZITIC Hualing appoints professional logistic company to develop business

Chen Xiao Shi, chairman of GZITIC Hualing Holdings (0382), said that as the company appointed professional logistic company to take charge of its logistic business, the investment amount would not be so much. Although the prices of the household electrical appliances decreased each year all over the world, said Chen Xiao Shi, while as the material prices were also decreasing, the profit of the company would continue to rise instead of falling over the lifted managing level, added he. The one-year liability of GZITIC Hualing to late December last year was over HK$500 mln and the debt-to-equity ratio was 62%.

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