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00953
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MEIKE INTERNATIONAL HOLDINGS LIMITED
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Profile
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Chairman
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Mr. Ding Siqiang
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Directors
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Ding Siqiang (Chairman & Executive Director)
Ding Xueleng (Executive Director)
Sun Keqian (Executive Director)
Ding Jinzhu (Executive Director)
Lin Yangshan (Executive Director)
Li Dongxing (Executive Director)
Xiang Shimin (Independent Non-Executive Director)
Yang Chengjie (Independent Non-Executive Director)
Xie Weichun (Independent Non-Executive Director)
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Secretary
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Mr. Li Yik Sang
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Address
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Room 1602, 16th Floor, Harcourt House, 39 Gloucester Road, Wanchai, Hong Kong
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Tel
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Fax
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URL
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http://www.meike.cn
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Business nature
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The Group is engaged in the design, develop, produce, market and distribute leisure
sportswear products, including footwear and apparel, under the Meike brand.
[IPO Information]
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Prospects
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The Group will continue to expand and extend its distribution network and expects that the total number of Meike outlets will be up by approximately 36% to approximately 1,800 outlets by the end of 2010, as compared to 1,318 outlets in the same period of 2008. In addition, in order to enhance its R&D capabilities, the Group has intended to apply approximately 8% of the proceeds raised from the listing for the establishment of a new R&D center to enhance the quality of products and expand the product mix. Besides, the Group also plans to apply approximately 30% of the proceeds raised from the listing for the construction of apparel manufacturing facilities, warehouse and staff quarters on the land in Shanxia Village, Shanxia Town, Huian County, Quanzhou City, Fujian Province; and approximately RMB17.2 million for the purchase of machinery and equipment and the upgrade of current manufacturing facilities, plant and machinery, thereby increasing the production capacity of apparel from approximately 600,000 pieces per annum to approximately 5,800,000 pieces per annum by 2011. Such facilities are expected to commence trial production at the end of 2010 and operate at full scale in 2011.
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Major shareholder
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Glory Hill
(56.25%)
Deep Wealth Resources Limited
(7.50%)
Bromyard Investments Limited
(7.50%)
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Stock Information Provided by Infocast Limited
[
Disclaimer
]