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EMPEROR WATCH&J (00887.HK) intends to place approximately 1.76% discount to allocate a maximum of 0.477 billion shares, raising a net amount of 79.24 million Hong Kong dollars.
On January 9, Glorious Securities announced that EMPEROR WATCH&J (00887.HK) entered into a placement agreement with the placement agent on January 9, 2025, in which the company conditionally agreed to place up to 477,250,000 placement shares at a price of HKD 0.167 per share to investors through the placement agent on a best efforts basis, and the relevant investors and their ultimate beneficial owners will be independent third parties. The maximum number of placement shares represents approximately 7.04% of the company's existing issued share capital as of the date of this announcement, and approximately 6.58% of the company's issued share capital after the placement shares are allotted and issued.
Express News | Emperor Watch & Jewellery - Place up to 477.3 Mln Placing Shares at HK$0.167 per Share.
PwC predicts that china's luxury goods market will leap to the top of the global ranking by 2030.
PwC predicts that by 2030, China will become the world's largest individual luxury goods market with a market size of $148 billion. Intergenerational wealth transfer, new customer development, the rise of experiential luxury goods, hainan's high growth potential, and the improvement of online and offline services will all drive this growth.
Emperor Watch & Jewellery Unit to Lease Hong Kong Shop for Five Years
Emperor Watch&J (00887.HK) plans to lease the underground shops at the Shangai Commercial Banks Building in Central, Hong Kong.
On September 24, Korg Hui announced that on September 24, 2024, Emperor Watch & J (00887.HK) publicly disclosed that its indirect wholly-owned subsidiary Emperor Watch & J (Hong Kong) Limited had entered into an intention letter with the landlord as a lessee regarding the property. The property is located at Shop A, Ground Floor, and entire Basement of 12 Queen's Road Central, Hong Kong, Shanghai Commercial Banks Building, for a lease term of five years, to be used for operating a retail store. The total rent for the entire lease term under the intention letter is approximately HK$91,200,000, excluding management fees, rates, land rent, and utilities.
EMPEROR WATCH&J: 2024 Interim Report
hh488 : Wasn't it's results good? How come share price so low one? How did it compare with Oriental watch etc?