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2006-11-22 01:58:00 a.m. HKT, XFNA
Hong Kong-listed Le Saunda to expand China operations in next 5-10 yrs -
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report
HONG KONG (XFN-ASIA) - Shoemaker and retailer Le Saunda Holdings will
focus on expanding its mainland business over the next five to 10 years as
returns generated in China have been much higher than that from Hong Kong,
The Standard reported, citing company chief executive Eddie Wan.
Wan was quoted as saying that the mainland market is driven by strong
retail sales while the market in Hong Kong has been adversely affected by the
increase in rental costs.
The report did not mention how much Le Saunda was planning to spend for
its China expansion.
(1 usd = 7.8 hkd)
leonora.walet@xfn.com xfnlwm/xfnzr
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