RENOWN Will Sell Men'S Clothing To Hongkong Clothing Company.

RENOWN announced that it would sell all the stock and trademark rights of K&C, the men's clothing company, to TrinityGroup, a clothing company in Hongkong.

Comprehensive external power June 19th reported that RENOWN announced in June 17th that it will sell all the stock and trademark rights of men's clothing company K&C in Hongkong to TrinityGroup, a clothing company.

As the center of K&C business, trademark rights in mainland China and Hongkong have been sold to TrinityGroup, there is no need to continue to hold them.

The sale amount has not been announced, and the combined sales revenue of the combined settlement is expected to be about 400 million yen.

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Trapped in the "donation gate", 12 foreign enterprises collectively shouted Zhou Xiaochuan: the lack of supervision caused the market fluctuation, windfall profits tax to pay 3 times more than the oil profits plunge, "the most retail investors" Liu Fang doubtful comeback, the SFC convened the fund director today to convene the meeting to recruit the "investor confidence index" survey object, and plan to sell all the K&C stocks held on the 30 day and the trademark rights of China in addition to the sold areas.

The trademark rights of Japan will also be pferred, but RENOWN will continue to sell in Japan in the future with the authorization of TrinityGroup.

K&C sales in the 2007 fiscal year (up to February 2008) in the Japanese market are about 600 million yen in retail terms.

RENOWN has sold the holding stock of DurbanChinaDistributions (Hongkong), a Chinese joint venture with Trinity Group, to TrinityGroup in January.

At the same time, it also pferred the trademark of the K&C brand sales center - Mainland China, Hongkong, Macao and Taiwan.