HONG KONG - Ming Shing Group Holdings Limited (NASDAQ:MSW), a company specializing in wet trades works in Hong Kong, announced the expansion of its Board of Directors with the appointment of Wenjin Li as the new fifth director. The addition, effective today, increases the board's composition to five members. The company, currently trading at $5.84, has demonstrated strong financial performance with a 26% revenue growth in the last twelve months and an impressive return on assets of 23%.
Wenjin Li, 45, brings over two decades of business administration, sales, and marketing experience to Ming Shing's strategic planning. Li's current role as general manager of Xiamen Zhenghe Xinneng Digital Technology Co., Ltd, which he has held since 2016, underscores his leadership capabilities. His previous positions include general manager at FeiQuBuKe (Xiamen) Information Technology Co., Ltd and vice president at Jinan Dali Food Co., Ltd. Li also served as sales manager for Tsingtao Brewery (HK:0168) Group's branches in Guangdong and Fujian. He is an alumnus of Xiamen University with a bachelor's degree in business management.
Chi Ming Lam, CEO of Ming Shing, expressed confidence that Li's extensive experience in business administration will propel the company to new heights. Ming Shing Group Holdings Limited is known for its expertise in various wet trades works, such as plastering, tile laying, brick laying, floor screeding, and marble works. The company prides itself on meeting customer quality standards and operates through its wholly-owned subsidiaries, MS (HK) Engineering Limited and MS Engineering Co. Limited. MS (HK) Engineering Limited is recognized as a registered subcontractor and specialist trade contractor, engaging in both private and public sector projects, while MS Engineering Co. Limited focuses on the private sector. According to InvestingPro analysis, the company maintains profitable operations with moderate debt levels, though it currently trades at relatively high earnings and EBITDA multiples. Subscribers can access 5 additional exclusive ProTips and comprehensive financial metrics for deeper insights into MSW's performance.
The information in this article is based on a press release statement from Ming Shing Group Holdings Limited. The company's forward-looking statements reflect current expectations about future events and are subject to risks, uncertainties, and changes in circumstances. Investors are advised to consider these factors and review the company's SEC filings for further insights into its future prospects.
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