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| Wednesday, 27 September 2017, 17:16 HKT/SGT | |
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HONG KONG, Sept 27, 2017 - (ACN Newswire) - Season Pacific Holdings Limited ("Season Pacific" or the "Group"; stock code: 1709), a Hong Kong based apparel company that provides supply chain management total solutions, officially transferred its listing from the Growth Enterprise Market ("GEM") to the Main Board of The Stock Exchange of Hong Kong Limited ("HKSE"). The Group's shares commenced trading on the Main Board at 9:00 a.m. under the stock code 1709.
The transfer of listing of Season Pacific from GEM to the Main Board of HKSE today is another milestone since the Group's listing on GEM in 2015, which demonstrates the Group's potential for expeditious growth. The management believes that the transfer of listing will not only benefit the Group's business development, future growth and financing flexibility, but will also enhance our corporate image and reputation, and reinforce our customers' confidence and recognition.
In March 2017, the Group entered into sales contracts with one of the world's largest fashion retailers headquartered in Spain, the transaction demonstrated its strong abilities to solicit new customers. Benefitting from the increase in both the number of new customers as well as orders from existing customers, Season Pacific recorded an increase in revenue of 82.4% to approximately HK$61.3 million during the first quarter ended 30 June 2017.
Going forward, the management denotes that, "We are pleased to see the recognition of the Group's potential by our customers and investors. The Group will continue to provide quality total supply chain management solutions, and to gain further ground in the market by collaborating and establishing solid relationships with top international fashion chains through our high quality designs and innovative solutions."
Given the diverse global market, the Group adopts a diversified and balanced market penetration and growth strategy and is confident in its professional and experienced team's ability to be flexible and sensitive to the needs of its customers, and become a leading total supply chain management company in Hong Kong with full vertical value propositions to its customers from the factory to consumers, whilst maximizing return for the shareholders.
About Season Pacific Holdings Limited
Season Pacific Holdings Limited is a Hong Kong based company that sells apparel products and provides supply chain management total solutions. The Group offers a comprehensive range of supply chain management solutions including market trend analysis, design and product development, sourcing, production management, quality control and logistics services for clients around the world, including the U.S, Europe, Middle East and Asia. For details, please visit http://www.seasonpacific.com/.
Topic: Press release summary
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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