China

Briefing News

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[February 17, 2017 ] Bosideng International Holdings (3998) announces that it has disposed of an equity interest in its non-down apparel brand Mogao and it closed its flagship store in London in the middle of January. The company sold its 51.004% equity stake in the non-down apparel brand Mogao for RMB40.52million after having reviewed the brand’s […]

Company

Fashion Brands Operator I.T Annual Result 2016

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I.T Limited reported gross profit grew by 9.0% to HK$2,209.2 million, while gross profit margin increased by 0.9 percentage point to 60.6% amid difficult times and promotional headwinds. Total turnover increased by 7.4% to HKD3.64billion.     The company says the operating environment of the fashion retail business in the first half of the fiscal year […]

Company

HK Fashion Brand Company Sees Luxury Fashion Demand Dip

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Sitoy Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”; stock code: 1023), a brand management and retailer, and large-scale outsourced manufacturer of luxury handbags, small leather goods and travel goods, is pleased to announce today its annual results for the financial year 2015/2016 (“FY2016”).   During FY2016, the Group’s revenue decreased by […]

Capital Market

Fosun Buys Germany Private Bank

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Fosun International said today it has completed the acquisition of 99.91% equity interest in a German private bank Hauck & Aufhäuser Privatbankiers, for approximately EUR210 million. Through the acquisition, Fosun aims to continue to strengthen its integrated financial capability in German and European market. This acquisition also marks an important move made by Fosun to establish […]

Capital Market

SGX Names New Chairman

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The Directors of Singapore Exchange (SGX) names Mr Kwa Chong Seng to succeed Mr Chew Choon Seng as Chairman of the Board. Chew will be retiring at the conclusion of SGX’s Annual General Meeting on 22 September 2016, and will not be standing for re-election. He joined the Board in December 2004 and has been the […]