Stelux Holdings International Limited ( (HK:0084) ) has provided an update.
Stelux Holdings International Limited has announced the cessation of its business operations in Mainland China, where it currently operates five retail stores and online platforms, due to unprofitability in recent years and a 22.4% year-over-year decrease in retail sales. The company, which derives only 3% of its total revenue from Mainland China, will focus on strengthening its core operations in Hong Kong, Macau, and Southeast Asia, while exploring new business opportunities.
More about Stelux Holdings International Limited
Stelux Holdings International Limited is a company incorporated in Bermuda, operating primarily in the retail sector. It maintains a presence in Hong Kong, Macau, Singapore, Thailand, and Malaysia, with retail stores and brands such as ‘City Chain’ and ‘Solvil et Titus’.
YTD Price Performance: -5.00%
Average Trading Volume: 1,032,548
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$79.4M
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