Founder and ChairmanMr. Fredric W. Rittereiser serves as Independent Chairman of the Board of Directors of Covenant Group of China Inc. Mr. Rittereiser was a founder of Covenant Holdings in 2009. He has over 40 years of capital markets experience as a senior executive at various Wall Street firms and he has experience working with US public companies with Chinabased operations. From 2007 to 2009 he served on the Board of Directors of AgFeed Industries Inc. one of the hog producers in the PRC and he is currently Chairman of the Strategic Affairs Committee for AgFeed Industries a nonboard position. From October 1996 until retiring in 2002 Mr. Rittereiser served as Chairman of the Board and Chief Executive Officer of Ashton Technology Group Inc. a company specializing in development and commercialization of online transaction systems for the financial industry. He was also a founder of Ashton Technology. Prior to his principal role at Ashton Technology Mr. Rittereiser served as a special consultant to Booz Allen and Hamilton a global strategy and technologyconsulting group from 1991 to 1993. Previously he was the former President and Chief Operating Officer of Instinet Corporationrationration since 1983. Under his leadership the company evolved into a efficient continuous electronic communications network or ECN that allowed institutions and dealers to negotiate securities trades anonymously. Mr. Rittereiser negotiated the sale of Instinet to the Reuters Group in 1987. From 1973 until 1980 he served as the NASD representative on the National Market System Committee responsible for negotiated rates developing market linkages in the U.S. promoting price competition and endorsing NASDAQ as the electronic market for growth companies and new issues. Mr. Rittereiser was also a founder of Gomez Advisors Inc. TH Lehman Inc. and he was a member of the board of directors of the International Heritage Mutual Fund.
Age: 77 Chairman Since 2009
The company has return on total asset (ROA) of 2.69 % which means that it generated profit of $2.69 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 3.36 % meaning that it created $3.36 on every $100 dollars invested by stockholders.
The company currently holds 810.21 K in liabilities with Debt to Equity (D/E) ratio of 0.27 which may suggest the company is not taking enough advantage from borrowing. Covenant Group of China Inc has Current Ratio of 1.66 which is within standard range for the sector.
Entity SummaryCovenant Group of China Inc. engages in acquiring equity interests in private companies based and operating in China. Covenant Group of China Inc [CVGC] is traded on OTC Market in USA. It is located in Covenant Group of China, Inc.Bala Cynwyd, PA and employs 75 people.
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