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Emperor Watch & Jewellery ( (HK:0887) ) has issued an announcement.
Emperor Watch & Jewellery Limited has announced the formation of joint venture companies with Xiaoduocai, with a 51% ownership by Emperor China and 49% by Xiaoduocai. The joint venture aims to enhance the company’s jewellery business operations in Mainland China, focusing on the design, production, and sales of jewellery products under the ‘Emperor Jewellery’ brand. The total capital commitment for the venture is capped at RMB346.0 million, with Emperor China contributing up to RMB168.0 million. This strategic move is expected to strengthen Emperor’s market presence in China and optimize its operational efficiency.
More about Emperor Watch & Jewellery
Emperor Watch & Jewellery Limited operates in the luxury goods industry, focusing on the design, production, and sale of precious metals and jewellery products. The company is known for its ‘Emperor Jewellery’ brand and has a market focus on Mainland China.
YTD Price Performance: 30.0%
Average Trading Volume: 285,000
Technical Sentiment Signal: Hold
Current Market Cap: $193M
See more data about 0887 stock on TipRanks’ Stock Analysis page.
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