HONG KONG, Sept. 19, 2016 /PRNewswire/ -- Far East Consortium International Limited ("FEC" or the "Group"; SEHK: 35) is delighted to announce that the Group was honoured as the "Best Managed Company in Asia in the Real-Estate Category" in Euromoney's "Best Managed Companies Survey 2016", representing that FEC is highly recognized by international capital market.
First published in 1969, Euromoney is committed to provide authoritative sources of information for capital markets. Its Annual Best Managed Companies ranking is based on a survey of market analysts at leading banks and research institutes around the world. Respondents were asked to nominate the top-three listed companies in each region, taking into account the following factors when making their choices : (I) Most convincing and coherent business strategy, (II) Best system of corporate governance, (III) Most accessible senior management, (IV) Most transparent financial accounts, (V) Best for shareholder value and (VI) Most useful and informative website.
In the past two years, the Group has won a number of international awards in the areas of company management, investor relations, corporate governance, and corporate social responsibility including the "2015 Asiamoney Best Managed Company Award (Small Cap)" by Asiamoney, "Best at Corporate Social Responsibility" award in the "Asia's Best Managed Companies 2016" Poll organized by FinanceAsia, eight awards highlighted by "Top 4 Best Company in Asia for Corporate Governance" in Asiamoney Corporate Governance 2015 Poll, "2015 Grand Prix for Overall Investor Relations (Small Cap)", "Best in Sector: Real Estate", "Top 4 Best Investor Relations Officer (Small and Mid Cap)-Ms. Venus Zhao" by IR magazine, "Top 3 Best Investor Relations Professional-Ms. Venus Zhao" in 2016 All-Asia (ex-Japan) Executive Team rankings by Institution Investor (II) magazine, the "Best Listed Company" in the 2015 China Financial Market Listed Companies Awards, four awards highlighted by Silver Industry Award in the 2015 LACP Vision Awards Annual Report Competition, and the Bronze Award in the "2015 iNOVA Awards competition for Annual Report". The awards affirm the recognition by the international investment community of the Group's intensive efforts on company management, corporate governance, investor relations, shareholder value and transparency.
Tan Sri Dato' David Chiu, Chairman of FEC said: "Being voted as the 'Best Managed Company in Asia in the Real-Estate Category' is indeed a great encouragement to us. Among others, there are three important attributes that lead us to be the best managed company, namely, having a right business strategy and model, providing an environment where employees work happily and productively, and providing shareholder value through net asset enhancement and consistent dividend payment. Having developed from a family company to an international enterprise, FEC has not only developed multi-billion projects, but also building up our experiences, reputation and relationship with our stakeholders. We will continue to pursue sustainable growth, create long term value for our stakeholders and contribute to the society as a whole."
About Far East Consortium International Limited
Far East Consortium International Limited was listed on the Hong Kong Stock Exchange in 1972 (HKEx stock code: 35). The Group is mainly engaged in property development and investment, hotel operation and management, as well as car park and facilities management. The Group adopts diversified regional strategy and the "Chinese Wallet" strategy with business covering Hong Kong, Mainland China, Australia, Malaysia, Singapore, the United Kingdom and New Zealand.
FEC official website:
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SOURCE Far East Consortium International Limited