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Parkson Holdings Bhd Announces Incorporation Of Subsidiary

Sunday, 16 Jun 2013 08:00pm EDT 

Parkson Holdings Bhd announced that Shanghai Lion Parkson Investment Consultant Co., Ltd, a wholly-owned subsidiary of Parkson Retail Group Limited, which in turn is a 51.53% owned subsidiary of the Company and listed on The Stock Exchange of Hong Kong Limited had on June 14, 2013, received the Business Licence of Shanghai Shi Jie Fashions Co., Ltd, following its incorporation by Shanghai Lion Parkson in the People’s Republic of China on May 28 2013. Shanghai Shi Jie is wholly-owned by Shanghai Lion Parkson. Consequent thereupon, Shanghai Shi Jie became a wholly-owned subsidiary of Parkson Retail and hence, a subsidiary of the Company. Shanghai Shi Jie will have a registered capital of Rmb10 million (equivalent to MYR5 million) and will be principally involved in retail operation. 

Company Quote

0.01 +0.40%
4:53am EDT