China Commercial Credit, Inc. Reports Second Quarter 2018 Financial Results
TD Holdings, Inc. (GLG)
Company Research
Source: GlobeNewswire
BEIJING, Aug. 17, 2018 (GLOBE NEWSWIRE) -- China Commercial Credit, Inc. (Nasdaq: GLG) (the "Company"), an emerging used luxurious car rental service provider in China, today announced its financial results for the second quarter ended June 30, 2018. Mr. Long Yi, the Chief Financial Officer of the Company, stated, “The first half of 2018 was marked by our successful disposition of subsidiaries and our continued strategic transformation. Going forward we expect our new business to provide greater shareholder value. Our second quarter results reflect these changes, with a net income of $9.50 million and a balance sheet with positive net asset value, reversing our long trend of losses. We expect our new pre-owned luxury car rental business under the “BatCar” brand to benefit from our extensive experience in financial services as we position ourselves to drive investment to our largest growth opportunities with a revitalized balance sheet.” Currently, the Company has six used
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