Hong Kong--(BusinessWire)--Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: HK.6888), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, announcedthat its main subsidiary, Freetech Road Recycling Corporation was recognized as AAA Grade Credit Enterpriseby the China Association of Circular Economy. As the only representative of the road and transportation industry,it isamong the first batch of enterprises which passed the credit evaluation and gained the highest level of certification.
According to the state regulations, the country’senterprises exercise the unified three classes and five levels of credit ratings which areAAA, AA, A, B, and C. By testing the overall quality, financial conditions, management skills, competitiveness and social credit, the evaluation system will comprehensively assess the integrity construction of companies, credit management ability and level.
The evaluation results will be provided to relevant government departments, financial institutions, industrial organizations for policy and program evaluation, and, those award-winning enterprises will get free recommendations by the Credit Affair Office of the Ministry of Commerce and State-owned Assets Supervision and Administration Commission Industry Association to the commercial counsellor’s offices of the embassies of the People’s Republic of China and major national business activities.
Corporate credit rating is an important indicator of credit image during company operation and management activities. The recognition obtained by thesubsidiary of the Group will help enhance the competitiveness of the company, and have a positive impact for the company's performance in future.
About FreetechRoad Recycling Technology(Holdings) Limited (Stock Code: HK.6888)
Freetech Road Recycling Technology is a leading integrated solution provider using the Hot-in-Place recycling technology in the asphalt pavement maintenance industry renowned for its Road Doctor brand.As of 31 December 2015, the Group owned 111registered patents and had11pending patent applications in Hot-in-Place Recycling Technology and related equipment. The Group has also established 11 joint ventures and associates and appointed 12 franchisees across China including Hunan, Inner Mongolia, Jiangsu, Fujian, Xinjiang and Guangdong in order to expand its customer base across the country.
Contact:
Freetech Road Recycling Technology (Holdings) Limited
Vicky Xue, +852-2330 9600
Fax: +852-2363 7987