TPA Newsletter- Apr 30, 2010
TPA newsletter > TPA Classified as a “Key Manufacturing Enterprise” by the Dongguan Municipal Bureau of Foreign Trade and Economic Cooperation
Good news from the People's Government of Huangjiang Town! The Dongguan Municipal Bureau of Foreign Trade and Economic Cooperation has approved the TPA group as a key manufacturing enterprise, with the name of “Ding-An Ltd,” as one of the TPA group subsidiaries listed in the bureau website.
In order to encourage restructuring and upgrading of key enterprises, optimize regional industrial structures, and support potential listed companies, the Dongguan Municipal Government has invested one billion yuan to set up a special fund to support local key manufacturing enterprises and encourage banks to increase credit support for local enterprises, as well as compensating a certain deducted interest in order for enterprises to apply for loans.
In 2009, the TPA group subsidiary -- Dongguan Ding-An Ltd. submitted its registration application, based on the government’s public requirements and the audit procedure. By the end of October 2009, Ding-An had successfully passed the audit, and was listed as a key municipal enterprise with multiple designations, including “Potential Publicly Listed Company”, “Town (Street) Key Support Enterprise”, “Pilot Restructuring and Upgrading Enterprise”, and “Pilot Domestic Marketing Enterprise.”
Such a win-win result shows the Government’s commitment to develop the economy in the Dongguan area, and also shows its recognition of the TPA group as a highly qualified enterprise with a trading business history and credit record. Since its initial 2003 investment in the Huangjiang, Dongguan area, the TPA has always been treated well by the local government, the foreign investment management departments, and the local media.
Therefore, we would like to express our sincere thanks to all the government leaders at all levels for their continuing strong support for us. We also have full confidence in our future plan to consolidate all of TPA’s subsidiaries into our Huangjiang territory. As a prominent corporate citizen within the community, we will endeavor to fulfill our duties not only to the local government and but to all the people of Huangjiang.