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Title SurplusGLOBAL, Selected as “Forbes Asia’s 200 Best Under A Billion 2018”
Source SurplusGLOBAL Date

 

SurplusGLOBAL, <Forbes Asia> Selected as “200 Best Under A Billion 2018” by <Forbes Asia>

 

-The August 2018 issue of <Forbes Asia>, selected as “200 Best Under A Billion 2018”, recognized financial soundness and growth potential

-A second leap forward with ‘Semiconductor Equipment Cluster’ opening at the end of 2019


 

Osan, August 22, 2018 – SurplusGLOBAL (CEO: Jung-Woong Kim, www.SurplusGLOBAL.com), a global used semiconductor equipment trading company, today announced that it was selected as ‘Asia’s 200 Best Under A Billion’ in the August 2018 issue of <Forbes Asia>. 

<Forbes Asia>’s ‘200 Best Under A Billion 2018’ evaluates profitability, growth, indebtness among listed companies across Asia. It is a system for assessing the small-to medium-sized enterprises in Asia, which selects the final 200 companies from the list after having initial screened 24,000 companies. The final selection is based on criteria such as companies with strong growth in sales and profitability in the last 1 year and the past 3 years, and companies with high average returns to equity for the past 1 to 5 years. 

More than 50% of the selected companies are 108 companies in China, Hong Kong, and Taiwan, and among them, 88 companies were newcomers in China. The selected companies recorded an average 62% growth in annual sales, totaling $45 billion in sales, and a profit of $9 billion. 

SurplusGLOBAL has been selected as the 200 companies with its sales of $99 million, net profit of $17 million, and market value of $145 million. 

“We are excited to be selected as one of the 200 companies in the Asia region as a specialist in used semiconductor equipment trading business that shows the aspect of a semiconductor powerhouse. When ‘Semiconductor Equipment Cluster’ in Yongin, which is scheduled to be completed by the end of next year is completed, we expect to see a lot of vitality in not only the used semiconductor equipment trading but also the entire semiconductor industry. We will do our best to provide high-quality customer solutions.”

SurplusGLOBAL’s CEO, Jung-Woong Kim, expressed his impressions for being selected as ‘200 Best Under A Billion’, and announced his ambition to complete the ‘Semiconductor Equipment Cluster’ in the future. 

 

The company’s ‘Semiconductor Equipment Cluster’ is under construction at the site in Yongin-si, Gyeonggi-do with the goal of opening the first phase in December 2019. It is scheduled for the tenants to move into the Building A and B in ‘Semiconductor Equipment Cluster’ with the total area of 85,950m2 (26,000 Pyeong, the size of 12.5 football fields) from December 2019 to December 2020. Major resident companies are expected to be semiconductor equipment companies, repair, maintenance, or rental of equipment, including manufacturing and service companies related to semiconductor equipment industry. Also, there will be a training center of worldwide equipment manufacturer, semiconductor related R&D center, display rooms and offices which enable the tenants to do business at one place from buying and selling equipment, maintenance, rental, and to consulting services, related to semiconductor equipment trading.

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