Friday, December 26, 2008

Tongxin International Ltd.

Industry: Consumer Goods and Services

Main business locations: China

Registered Office:
Kingston Chambers,
P.O. Box 173,
Road Town, Tortola,
British Virgin Islands

Incorporation date: June 20, 2005

Registered Agent:
Maples Finance BVI Limited

Listed on: NASDAQ
Ticker: TXIC

Financial highlights:
Market capitalization: 30.31 $M
Authorised shares: 39,000,000 ordinary shares
Revenue (ttm): 103.28 $M
EBITDA (ttm): 15.13 $M

About the BVI company:

Tongxin International Ltd (TXI), formerly Asia Automotive Acquisition Corporation, is an independent supplier of engineered vehicle body structures (EVBS) in China, providing products for both light, medium-sized, heavy-duty and vans. Also, TXI designs, fabricates and tests dies for stamping automotive body panels, and manufactures complete cab structures for commercial vehicles.

In April 2008, TXI announced its merger with Hunan Tongxin Enterprise Co. Ltd., pursuant to which Hunan Tongxin became a wholly owned subsidiary of TXI.

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