ASA Group Holdings Ltd.1 is an investment holding company. The Company operates in two divisions. The ceramic tiles division is engaged in the manufacture and distribution of ceramic tiles. The adhesive products division is engaged in the manufacture and distribution of adhesive products. Some of the Company's subsidiaries include Shanghai Fortune Ceramic Co., Ltd., Shandong ASA Ceramic Co., Ltd., ASA Ceramic Company Limited and Shanghai ASA Laticrete Adhesive Co., Ltd. Shanghai Fortune Ceramic Co., Ltd. has installed advanced auto ceramic production equipment, mainly dealing with manufacture of high-end ceramic tiles and its accessories, such as artistic glazed tiles, wall tiles, floor tiles, single and inserted wall tiles. Shanghai ASA Laticrete Adhesive Co., Ltd., in which the Company holds a 55.03% interest, is a joint venture company with Laticrete International Asia Pacific Pte Ltd. Its major products cover thin-set adhesive, joint grout and construction waterproof membrane.
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