DOCSLIB.ORG

The Brand for Fashion and Lifestyle

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Brand for Fashion and Lifestyle The brand for fashion and lifestyle. Fashion supply chain strategies for China China’s rapidly swelling ranks of style-conscious consumers, with money to burn on the latest fashion, represent an exciting prospect for international brands. Established names such as Chanel, voted China’s favourite luxury brand for 2013 1, are growing alongside fast fashion giants such as H&M and Zara. And this year, China overtook the USA as the world’s largest digital retail market, with Chinese shoppers spending an estimated USD296 billion compared with the USD252 billion spent by US e-shoppers. 2 The apparel sector sales make up around 13 percent of e-commerce purchases 2. Western fashion e-tailers have been keen to enter the market and take a slice of the pie already enjoyed by Chinese e-commerce giants such as Taobao and Tmall, two of e-commerce giant Alibaba’s biggest businesses, Vancl, M18 and JingDong. www.kerrylogistics.com © Kerry Logistics Network Ltd. All rights reserved. Getting the balance The UK’s largest on-line fashion retailer, Forecasting and understanding demand is key. right between bricks ASOS, launched its Chinese web-site in the second week of November. Chinese shoppers are historically frugal and and mortar stores and like a bargain. They expect a high level of e-commerce is Kerry Logistics is supporting its service and speed when it comes to shipping, important. e-commerce platform in Shanghai, and expecting costs to be minimal or free, and managing freight from the British retailer’s UK orders to arrive the next day, or even the global hub into China. same day, at no additional cost. They expect to be able to pay Cash on Delivery (COD) and We are operating more than 6,300 square they demand a slick Returns process. metres of warehousing for ASOS, providing import agency services, managing import Balance customs brokerage and providing domestic Getting the balance right between bricks and e-fulfillment. mortar stores – retail real estate is incredibly expensive – and developing e-commerce is Value-added services will range from important. re-conditioning of consumer returns to product localization. At Kerry Logistics, we have witnessed a shift in trends on this. The model two or three years Market challenges ago was to open up retail stores, but now the But the Chinese market comes with its own trend is to open a flagship store in Hong Kong, challenges, and brands wanting to launch Singapore, or Shanghai, for example, and set there need to do their homework. up an e-commerce platform to supply the rest of Asia, with a hub for distribution close to the China has vast regional differences, for a start, largest percentage of suppliers. and Chinese consumers are different shapes and sizes to Western buyers, and have Dependent on volume and supplier location, different spending patterns and expectations. that hub is traditionally in Hong Kong, which is www.kerrylogistics.com © Kerry Logistics Network Ltd. All rights reserved. Distribution and delivery are the next challenges. There are well-established warehouses and Distribution Centres (DCs) in properly- equipped logistics parks, and brands can expect to be able to choose from a suite of services including, for example, Garment on Hanger, which might involve anything from steaming to ready for sale delivery. Distribution challenges But beyond the warehouse, come the challenges of distribution across vast distances. There is a good network of roads, but these are Expansion in China easier to operate in, although more expensive costly to use. Airfreight is an option, but again, requires a nuanced than, say, Shanghai. costs are high. understanding of the Expansion in China requires a nuanced Expensive retail real estate means that stores regulatory and tax understanding of the regulatory and tax regimes. often hold minimum stock, meaning regular regimes. replenishment is needed. City centres are very Before starting to trade, companies need to congested and there are often tight establish a Wholly Owned Foreign Enterprise regulations around when deliveries can be (WOFE) or a Foreign Invested Commercial made to malls. Enterprise (FICE), a process which can take months and involve hundreds of pages of At Kerry Logistics we manage over 11 million supporting documentation. sq ft of bonded and non-bonded logistics facilities across China, and a pan-China Local partners distribution network of over 1,400 self-owned There are multilayered tax and Customs issues, vehicles to service these needs. and regulations often change or are updated, sometimes at short notice, so it is important to Huge potential work with a local partner who has experience China holds huge potential for international on the ground. fashion brands, but there are a host of considerations, from understanding and China Inspection and Quarantine (CIQ) forecasting demand, to building a robust requirements are stringent, and checks on supply chain. garments involve a destructive test, leaving merchandise unfit for sale and so affecting Choosing a partner who understands the stock levels. The tests can also hold up goods market and can not only navigate the complex from clearing. compliance landscape, but can also build a slick supply chain coping with distance and The China General Administration of Quality cost and able to handle COD and smooth Supervision, Inspection and Quarantine returns process is a must. Bureau requires Chinese language labelling, including care labels and a Chinese Information Tag (CIT), as well as ticket 1 2013 World Luxury Index, produced by Digital Luxury Group (DLG) printing and tagging. 2 data from Forrester Research and iResearch www.kerrylogistics.com © Kerry Logistics Network Ltd. All rights reserved. Kerry Logistics is a leading logistics service provider in Asia with extensive operations across Greater China and other countries in the region. It is principally engaged in the integrated logistics and international freight forwarding businesses and currently has more than 400 service locations in 35 countries and territories. Kerry Logistics provides customised supply chain solutions to a wide and diversified global customer base. It serves more than 40 of the Top 100 Best Global Brands across a spectrum of industries. Kerry Logistics Network Limited is a wholly owned subsidiary of the Hong Kong- listed Kerry Properties Limited. If you require local expertise, you can reach us by email contact.uk@kerrylogistics or call the Manchester office on + 44 (0) 161 873 8777 or the London office on +44 (0) 1322 296050. We provide professional, cost-effective and trusted supply certification as well as dedicated China Market Testing chain solutions tailored to each brand’s needs, serving tens of services: GB18401-2003 standard, regulatory, performance thousands of outlets every day. and eco-textile. Our world-class fashion and lifestyle logistics solutions include Nationwide Warehousing & Distribution buyers’ consolidation, freight and PO management, combined Leveraging our global network of world-class bonded and non- U-turn model and more. bonded logistics centres, we support your continual expansion and growth in key consumer markets. Secured packaging for In-depth Consultancy on Government high-fashion transportation and Cash-On-Delivery (COD) Regulations capabilities further add value to your business. Our thorough understanding of government regulations enables an immediate response to policy changes. Return Management Furthermore, we offer swift solutions to international We provide simultaneous handling of replenishment and customers meeting new requirements, such as on fabric test return point of purchase, quality check at store or in and standard code application. distribution centre, repacking for re-sales as well as disposal with environmental care or through donation to achieve Local Import and Export Services maximum value for your fashion and lifestyle products. We can act as import or export trading agent for foreign- invested brands, helping customers to explore new and Value-added Services challenging markets in all parts of Asia. Our value-added services include Garment-On-Hanger (GOH), steaming / ironing, creaseless garment transportation Duty and VAT Payment to ready-for-sale delivery, reduction of waste disposal and Our solutions cover consultation of duty and VAT payment unpacking time and minimal packing costs, plus add-on issues, flexible arrangements on duty, VAT prepayment and options satisfying additional requirements for Chinese speedy EDI tax payment, ensuring you are ahead of your Information Tag (CIT), Chinese Care Label in the China market. competitors every season. With our sophisticated KerrierVISION supply chain visibility Quality and Safety Testing system, we provide seamless integration and guarantees full Together with Intertek, the leading provider of quality and transparency and control throughout the supply chain. safety solutions, we provide comprehensive services from Delivering peace of mind to clients is our top priority. auditing, inspection and testing to quality assurance and DISCLAIMER: Although this white paper is designed to provide accurate and authoritative information with regard to the subject matter covered, the authors and their organizations accept no responsibility for errors and omissions. The paper contains information about Fashion and Lifestyle supply chain issues in China. The information is not advice and should not be treated as such. If you use any information found in this White Paper to make decisions or take actions, you do so at your own risk and acknowledge that the information carries no warranty, express or implied. www.kerrylogistics.com © Kerry Logistics Network Ltd. All rights reserved..
Load more

Recommended publications
  • Interim Report 2019 Corporate Information & Key Dates
    20201919 QUICK FACTS 53 countries & territories 46,000+ employees worldwide 70M ft² land & facilities 10,000+ self-owned operating vehicles CONTENTS 02 Corporate Information & Key Dates 03 Financial Highlights 05 Management Discussion and Analysis Results Overview 05 Business Review 06 Financial Review 12 Staff and Remuneration Policies 12 GLOBAL NETWORK 13 Corporate Governance and Other Information 25 Independent Auditor’s Review Report 27 Interim Financial Statements 54 Definitions CHINA FOCUS ASIA SPECIALIST 1 INTERIM REPORT 2019 CORPORATE INFORMATION & KEY DATES KERRY LOGISTICS NETWORK LIMITED COMPANY SECRETARY (Incorporated in the British Virgin Islands and continued Ms LEE Pui Nee into Bermuda as an exempted company with limited liability) AUDITOR PricewaterhouseCoopers BOARD OF DIRECTORS Executive Directors LEGAL ADVISER Mr KUOK Khoon Hua (Chairman) Davis Polk & Wardwell Mr MA Wing Kai William (Group Managing Director) Mr NG Kin Hang REGISTERED OFFICE Victoria Place, 5th Floor, 31 Victoria Street Non-executive Director Hamilton HM 10, Bermuda Ms TONG Shao Ming CORPORATE HEADQUARTERS AND Independent Non-executive Directors PRINCIPAL PLACE OF BUSINESS IN HONG KONG Ms KHOO Shulamite N K 16/F, Kerry Cargo Centre, 55 Wing Kei Road Ms WONG Yu Pok Marina Kwai Chung, New Territories, Hong Kong Mr YEO Philip Liat Kok Mr ZHANG Yi Kevin PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT AUDIT AND COMPLIANCE COMMITTEE Estera Management (Bermuda) Limited Ms WONG Yu Pok Marina (Chairman) Victoria Place, 5th Floor, 31 Victoria Street Ms TONG Shao Ming
    [Show full text]
  • Annual Report 2019 Corporate Information & Key Dates
    QUICK FACTS 55 countries & territories 47,000+ employees worldwide 75M ft² land & facilities 10,000+ self-owned operating vehicles Cover Photo: A 33,000-kg air drum transported from Italy to a refinery in Russia by sea & road freight in 60 days. (computer-processed image) CONTENTS 02 Corporate Information & Key Dates 03 Financial Highlights 05 2015-2019 Financial Summary 06 Logistics Facilities GLOBAL NETWORK 13 Chairman’s Statement 14 Management Discussion and Analysis 14 Results Overview 15 Business Review 19 Financial Review 20 Staff and Remuneration Policies 21 Environmental, Social and Governance Report 34 Awards and Citations CHINA FOCUS 40 Corporate Governance Report 60 Directors and Senior Management 73 Report of Directors 99 Independent Auditor’s Report 108 Statement of Accounts 203 Definitions ASIA SPECIALIST 1 ANNUAL REPORT 2019 CORPORATE INFORMATION & KEY DATES BOARD OF DIRECTORS AUDITOR Executive Directors PricewaterhouseCoopers Mr KUOK Khoon Hua (Chairman) Certified Public Accountants and Registered PIE Auditor Mr MA Wing Kai William (Group Managing Director) Mr CHEUNG Ping Chuen Vicky LEGAL ADVISER Mr NG Kin Hang Davis Polk & Wardwell Non-executive Director REGISTERED OFFICE Ms TONG Shao Ming Victoria Place, 5th Floor, 31 Victoria Street Hamilton HM 10, Bermuda Independent Non-executive Directors Ms KHOO Shulamite N K CORPORATE HEADQUARTERS AND Ms WONG Yu Pok Marina PRINCIPAL PLACE OF BUSINESS IN HONG KONG Mr YEO Philip Liat Kok 16/F, Kerry Cargo Centre, 55 Wing Kei Road Mr ZHANG Yi Kevin Kwai Chung, New Territories, Hong
    [Show full text]
  • Kerry Logistics Contact List - Asian Countries
    Kerry Logistics Contact List - Asian Countries Countries/Region Handling Office Department Contact Phone number Email Ms. Mandy Kwan +852 22119-308 [email protected] Air Ms. Winnie Chan (Back Up) +852 22119-306 [email protected] Hong Kong Hong Kong Ms. Peggy Chow +852 22119-387 [email protected] Sea Mr. Anthony Ip (Back Up) +852 22119-368 [email protected] Fiona Liu +86 021 31316154 [email protected] Air Yvette Yue +86 02131316157 [email protected] Shanghai Gateway CS Mr. Jacky xu 86 21-51178154 [email protected] Sea Ms. Cherry Chen (Back Up) 86 21-51178267 [email protected] Ms. Lisa Bao (Back Up) 86-21-51178111 ext.8158 [email protected] Ms.Luna xu 86-574-87093241 [email protected] Air Mr.Roy Sun (Back Up) 86-574 83868330 [email protected] Ningbo Gateway CS Ms.Vivian Xie 86-574-83868328 [email protected] Sea Ms.Selinna Mao (Back Up) 86-574-87091936 [email protected] Ms.Kattie Wang 86755 8271 5715 [email protected] Air Ms. Emily Wang 86755 8271 5529 [email protected] Shenzhen Gateway CS Mr. Sunny Liao 86 755-8271 5695 [email protected] Sea Ms Yuki Ho 86 755- 8271 5630 [email protected] Air Mr.Aaron Liu 86 22 58295588 ext. 1017 [email protected] Ms.Sally Cui 86 22 58295588 ext.6020 [email protected] Tianjin Gateway CS Sea Ms.Hera Li 86 22-58295588 Ext.6031 [email protected] Ms.Rong Rong (Back Up) 86 22 58295588 ext.
    [Show full text]
  • Kerry Logistics Network (636 HK)-Initiate at UW(V)
    Company report Industrials Air Freight & Logistics abc Equity – Hong Kong Global Research Kerry Logistics Network (636 HK) Underweight (V) Initiate at UW(V): The world’s local logistics provider Target price (HKD) 11.75 Growth driven by mainland China, profitability driven by Share price (HKD) 12.98 Forecast dividend yield (%) 0.9 Hong Kong Potential return (%) -8.6 Yet the reality is that contract logistics is a low margin Note: Potential return equals the percentage difference between the current share price and business and growth is likely to be hotly contested the target price, plus the forecast dividend yield Dec 2012 a 2013 e 2014 e Initiate with an Underweight (V) rating and multiple-based HSBC EPS 0.00 0.53 0.57 HSBC PE 24.3 22.9 HKD11.75 target price Performance 1M 3M 12M Absolute (%) 27.0 Relative^ (%) 34.3 KLN is a solid company with a good track record and strong positioning in Hong Kong Note: (V) = volatile (please see disclosure appendix) where it is the No 1 third-party logistics (3PL) provider. It is well positioned to capitalize on growth in the Chinese domestic market, and the business it conducts there, it is arguably conducting well. But we believe there is a disconnect between KLN’s valuation, market expectations and the realities of operating an asset heavy, contract logistics-led 28 January 2014 freight forwarding model. Julia Winarso* Analyst Contract logistics is a low margin, competitive business: KLN’s profitability is largely HSBC Bank plc driven by Hong Kong logistics and its warehousing business, where it acts as landlord.
    [Show full text]
  • Annual Report 2018 Corporate Information & Key Dates
    QUICK FACTS 53 countries & territories 40,000+ employees worldwide 60M ft² land & facilities 10,000+ self-owned operating vehicles CONTENTS 02 Corporate Information & Key Dates 03 Financial Highlights 05 2014-2018 Financial Summary 06 Logistics Facilities GLOBAL NETWORK 13 Chairman’s Statement 14 Management Discussion and Analysis 14 Results Overview 15 Business Review 20 Financial Review 20 Staff and Remuneration Policies 21 Environmental, Social and Governance Report 33 Awards and Citations CHINA FOCUS 39 Corporate Governance Report 57 Directors and Senior Management 73 Report of Directors 99 Independent Auditor’s Report 108 Statement of Accounts 198 Definitions ASIA SPECIALIST 1 ANNUAL REPORT 2018 CORPORATE INFORMATION & KEY DATES BOARD OF DIRECTORS COMPANY SECRETARY Executive Directors Ms LEE Pui Nee Mr YEO George Yong-boon (Chairman) Mr MA Wing Kai William (Group Managing Director) AUDITOR Mr KUOK Khoon Hua PricewaterhouseCoopers Mr NG Kin Hang LEGAL ADVISER Non-executive Director Davis Polk & Wardwell Mr CHIN Siu Wa Alfred REGISTERED OFFICE Independent Non-executive Directors Canon’s Court, 22 Victoria Street Ms KHOO Shulamite N K Hamilton HM12, Bermuda Mr WAN Kam To Ms WONG Yu Pok Marina CORPORATE HEADQUARTERS AND Mr YEO Philip Liat Kok PRINCIPAL PLACE OF BUSINESS IN HONG KONG Mr ZHANG Yi Kevin 16/F, Kerry Cargo Centre, 55 Wing Kei Road AUDIT AND COMPLIANCE COMMITTEE Kwai Chung, New Territories, Hong Kong Ms WONG Yu Pok Marina (Chairman) PRINCIPAL SHARE REGISTRAR AND Mr CHIN Siu Wa Alfred Mr WAN Kam To TRANSFER AGENT Mr ZHANG Yi
    [Show full text]
  • Seeking Zen: a Post-Pandemic 3PL Market Latest Third-Party Logistics Market Results and Predictions for 2021 Including Estimates for 190 Countries
    Seeking Zen: A Post-Pandemic 3PL Market Latest Third-Party Logistics Market Results and Predictions for 2021 Including Estimates for 190 Countries August 2021 Phone: +1-800-525-3915 Website: www.3PLogistics.com Email: [email protected] ABOUT ARMSTRONG & ASSOCIATES, INC. Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting. A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 88,000 subscribers globally. A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 24 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions. All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopied, recorded or otherwise, without the prior permission of the publisher, Armstrong & Associates, Inc.
    [Show full text]
  • Ronny Chow PARTNER
    Ronny Chow PARTNER LOCATION: Hong Kong EMAIL: [email protected] DIRECT: +852 2825 9435 PRINCIPAL AREAS Capital Markets Debt Equity Regulatory Compliance Corporate and M&A Public M&A/Takeovers Private M&A Regulatory Corporate Governance LANGUAGES English Cantonese Mandarin JURISDICTIONS Hong Kong England and Wales (non-practising) EXPERIENCE Ronny is the co-head of the Corporate Finance Practice Group and is based in Hong Kong. He has almost 30 years of experience in the corporate finance field and his practice spans across corporate finance and securities work as well as private and public mergers and acquisitions and private equity transactions (with a cross-border focus). He is particularly well-known for advising on global offerings and listings of corporations on the Hong Kong Stock Exchange. PROFESSIONAL HIGHLIGHTS Ronny advises a wide range of sponsors and underwriters includingB NP Paribas Capital, CLSA, DBS, BOCI, China Construction Bank, ABC International, Haitong, China Merchants Securities, Guotai Junan and Shenwan Hongyuan in relation to the global offerings and listings of: AcrossAsia, Anchorstone, Baofeng Modern, Beijing Jingkelong (a Beijing government-controlled chain store operator), BGMC International, BYD, Canvest Environmental Protection, China Art Financial, China Industrial Securities International Financial, China Saite, Convenience Retail Asia (“Circle K”), Ever Sunshine Lifestyle Services, Feiyang International, Focus Media, FSE Engineering, Goldenmars Technology (listing in 2013 and transferred from GEM
    [Show full text]
  • Kerry Properties REDUCE (Previously HOLD)
    DOWNGRADE Company Note Property Devt & Invt │ Hong Kong │ January 30, 2020 Insert Insert Hong Kong Kerry Properties REDUCE (previously HOLD) Consensus ratings*: Buy 3 Hold 10 Sell 1 Low earnings and dividends visibility Current price: HK$22.00 ■ We believe Kerry Prop’s sales could slow further in 2020 after a disappointing Target price: HK$20.10 2019, given its weak launch pipeline and poor luxury market sentiment. Previous target: HK$32.40 ■ It may cut its dividend payout once again, following the slowdown in Up/downside: -8.6% contracted sales and rising net gearing. CGS-CIMB / Consensus: -27.5% ■ Hence, we downgrade Kerry Prop from Hold to Reduce with a TP of Reuters: 0683.HK HK$20.1, based on a 70% discount to NAV. Bloomberg: 683 HK Market cap: US$4,123m HK$32,043m Sales to slow further in 2020 after a tough 2019 Average daily turnover: US$5.76m Kerry Prop’s contracted sales in 2019 were disappointing, dragged by weak luxury HK$44.94m market sentiment. We estimate full-year sales of HK$9bn (HK: HK$7bn, China: HK$2bn), Current shares o/s: 1,447m falling short of management’s target of HK$12bn by ~22%. We believe that sales should Free float: 42.0% slow further in 2020, given a weak launch pipeline. In HK, inventories of Mantin Heights *Source: Bloomberg (28 units left) and Bloomsway (47 units left) are nearly sold out while Mont Rouge (Beacon Hill project) is super-luxury focused, which is extremely hard to sell in the near Key changes in this note term.
    [Show full text]
  • Corporate Treasury Centres in Hong Kong 2016
    Corporate Treasury Centres in Hong Kong Case Studies Contents Preface 2 Avnet 4 CGN Huasheng 8 COSCO Shipping 12 Hitachi Capital 16 IKEA 20 Kerry Logistics 24 LyondellBasell Industries 28 Newell Brands Inc. 32 WPP 36 About HKMA 40 About InvestHK 41 Acknowledgements 42 Preface Asia has become a key source of growth and value creation for many multinational corporations thanks to the region’s economic potential. A growing number of global corporates are extending their reach in Asia, while many Asian corporates are also actively investing globally to diversify their Asia-centric business operations. In particular, the Mainland Chinese corporates are adopting a “going-out” strategy by expanding their footprints into international markets. The launch of the “Belt and Road” Initiative further enhances international trade and investments across more than 60 economies in Asia, Europe and Africa. Corporates are exposed to numerous new business opportunities, but at the same time, need to navigate in a complex environment with multiple currencies, regulatory and interest rate regimes. In areas such as obtaining capital, managing liquidity and risks, and processing transactions, an increasing number of corporates are using corporate treasury centres to simplify and centralise their treasury activities. Over the years, Hong Kong has been an ideal hub for corporate treasury activities. Its strengths include the largest offshore renminbi market, deep capital markets, an extensive network of banks, free flow of capital, a sound legal system, a favourable tax environment and an abundance of professionals. Corporates have always been an important end-user of our financial services. A higher level of corporate treasury activities in Hong Kong will in return further develop our strengths in these areas as well as bolster our status as an international financial centre and deepen 2 our capital markets.
    [Show full text]
  • Valuation Report Kerry Logistics Network Limited Portfolio Valuation
    Valuation Report Kerry Logistics Network Limited Portfolio Valuation Valuation as at 30 June 2021 27/F, One Island East, Taikoo Place, 18 Westlands Road, Quarry Bay, Hong Kong 香港鰂魚涌太古坊華蘭路 18 號港島東中心 27 樓 Tel 電話 +852 2507 0507 Fax 傳真 +852 2530 1502 cushmanwakefield.com.hk Valuation Report No. F21-002129-02 Valuation Report No. : F21-002129-02 Our Ref : KB/GL/GN/jc Date : 12 August 2021 The Directors Kerry Logistics Network Limited 16/F, Kerry Cargo Centre 55 Wing Kei Road, Kwai Chung New Territories Hong Kong Dear Sirs, Instructions, Purpose & Valuation Date In accordance with your instructions for us to value certain properties in People’s Republic of China (the “PRC”), Hong Kong, Taiwan, South Korea, Vietnam, Cambodia, Thailand, Malaysia, Singapore, Myanmar, India, Uzbekistan, Dubai, Sweden and Netherlands (as more particularly described in the attached valuation summaries) in which Kerry Logistics Network Limited (the “Company”) together with its subsidiaries (collectively the “Group”) have interests, we confirm that we have inspected the properties, made relevant enquiries and obtained such further information as we consider necessary for the purpose of providing you with our opinion of the values of such properties as at 30 June 2021 (the “Valuation Date”) (i) a summary report of which would be incorporated into a composite document dated 12 August 2021 issued by the Company (the “Summary Valuation Report”); and (ii) the full report of which would be uploaded as an announcement on https://www.hkexnews.hk/ and put on public display as a document on display in accordance with The Codes on Takeovers and Mergers and Share Buy-backs issued by the Securities and Futures Commission.
    [Show full text]
  • Hong Kong Economic and Trade Office Offer of Internship
    Hong Kong Economic and Trade Office 9 Temasek Boulevard, #34-01 Suntec Tower Two, Singapore 038989 Tel: (65) 6338 1771 Fax: (65) 6339 2112 Website: www.hketosin.gov.hk E-mail: [email protected] __________________________________________________________________________________________ Offer of Internship Opportunities under the ASEAN Internship Scheme for Hong Kong Higher Education Students - 2019 A. Information of the Host Organisation Name of Host Organisation: Kerry Logistics Centre (Tampines) Pte Ltd Company Address: 7/F Kerry Logistics Centre Tampines Office Tower, 19 Greenwich Drive Singapore 534021 Website: www.kerrylogistics.com Nature of Business: Logistics & Transportation ☐Accounting ☐ Government-related agency/ ☐ Pharmaceutical/ Medical/ Public Organisation Health ☒Aviation/ Transport/ Logistics ☒ International Organisation ☐ Property Development/ Real Estate ☐Banking/ Finance/ Insurance ☐ Management Consulting ☐ Retail/ Trading ☐ Construction ☐ Manufacturing ☐ Think-tank ☐ Entertainment/ Hospitality/ ☐ Marketing/ Market Research ☐ Technology Tourism ☐ Education/ Training/ Research ☐ Media/ Advertising/ ☐ Telecommunication Public Relations ☐ Engineering ☐ Multi-nature Conglomerates Others (Please Specify) Click here to enter text. B. Internship Arrangement Note: Please be detailed in filling the Job Specifications. Please fill in more than one section if offering multiple positions with different job scope. Internship title/ position: Job Specifications: Intern - Warehouse design & solutioning Number of Interns to be - Operation Management accepted: - Human Resource Management 3 - Management Accounting - P&L Management Internship City and Country: - Click here to enter text. Singapore Requirements: - Logistics & Supply Chain Duration of internship: (e.g. field and year Management of study of student, 12 week computer knowledge and - 2 year or above relevant skills) - Click here to enter text. Internship title/ position: Job Specifications: Click here to enter text. - Click here to enter text. Number of Interns to be - Click here to enter text.
    [Show full text]
  • 2014 Interim Report
    The Hong Kong market has experienced a slow first half with total investment turnover almost 30% lower year-on-year than 2013*, and both retail sales value and volume^ lower during the same comparative period. Additionally, macro factors such as the deceleration of China’s growth, uncertainty over US Federal Reserve rate adjustments, and lingering concerns over the Eurozone’s recovery are among considerations leading to a softened business environment. In spite of those macro concerns, the Group’s core business remains sturdy, with topline growth driven by display advertising sales in both print and online, an improving IPO market, as well as contribution from the contract printing business in the first half. Moreover, the Group continued to consolidate the benefits of its growth thrust strategy implemented in 2013 to diversify its revenue streams through Magazines, Outdoor Media, Events and Conferences, and the Education business. Magazines continued to grow as Cosmopolitan and ELLE continue to fortify their industry leading position, while new titles Esquire, The PEAK and ELLE Men made their debut, and are starting to make contributions to the overall performance of our growing magazine publishing business. * Source: CRBE Hong Kong, “Hong Kong Investment MarketView Q2 2014” The group further grew its market share in Southern China’s media space ^ Source: Census and Statistics Department of with the acquisition of luxury lifestyle magazines Destination Macau and its HKSAR, Hong Kong Monetary Authority, ultra high-end sister publication DM Exclusive. Published in both English and Rating and Valuation Department, Hong Kong Tourism Board, CEIC, Hang Seng Bank 2 1 2 3 4 Simplified Chinese, the Destination Macau acquisition, together with its broad distribution network, will give the SCMP Group access to Macau’s growing hospitality and MICE economy, as well as one of the world’s fastest growing luxury retail market.
    [Show full text]