Jiang New CFO of Wonder Auto - Analyst Blog
August 11 2011 - 9:52AM
Zacks
Wonder Auto Technology Inc.
(WATG) recently announced the
appointment of Aijun Jiang as its Chief Financial Officer. Before
joining Wonder Auto, Aijun Jiang served as Chief Financial Officer
of Qiao Xing Universal
Resources, Inc. (XING) for almost three
years.
Before that
he also worked as the head of finance for Tiens Biotech Group, Inc.
for almost three years, and as a consultant (diplomat) in the
Economic and Commercial Representation of China in Tanzania, the
Economic Section of the Chinese Embassy in Tanzania. While
there,
Mr. Jiang worked for about two years and was involved in providing
commercial and financial consultation to Chinese companies
conducting business in Tanzania.
The new
appointment made by Wonder Auto is expected to strengthen its
senior management team.
Wonder Auto,
located in Liaoning, China, designs, develops, manufactures and
sells automotive alternators, starters and suspension products
through its Chinese subsidiaries. The company was founded in 1996
and is presently China's second-largest manufacturer of alternators
and starters.
The
company's manufacturing facilities are located in Jinzhou, China.
Wonder Auto ranks second in both sales revenues and volumes in the
Chinese market for alternators and starters. The company produces 5
different series and over 150 models of alternators, 70 models of
starters for sedans and commercial vehicles and various
suspension-related parts.
In the month
of May, the company received a second non-compliance notice from
the Nasdaq Stock Market because of its delay in filing financial
reports. The company has not yet filed its earnings statement for
the quarter and the fiscal year ending March 31, 2010. The delay in
filings was attributed to an ongoing investigation by the company
after it was accused of violating federal securities
laws.
WONDER AUTO TEC (WATG): Free Stock Analysis Report
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