This Year, SOGO Department Store Sales In 1 And February Expanded Sharply To Double Digits.

According to Thomson Reuters Loan Pricing Corporation (referred to as TRLPC) Reuters base point on Monday quoted sources, Hongkong Sogo SOGO

FutureDevelopmentLtd, a related entity, has refinancing 8 billion Hong Kong dollars and has entered the general syndicate stage.

It is reported that the financing includes A part of the HK $5 billion installment loan and B part of the 3 billion Hong Kong dollar revolving credit, the lending rate is the base point of the Hongkong interbank offered rate (Hibor) +81, and the lead line and bookkeeping behavior is the Bank of China (Hongkong), the Agricultural Credit Bank of France, the Mizuho bank and the Standard Chartered Bank. The guarantor is SOGO (Hongkong) Department Store Co., Ltd. and its parent company Lifu International Group Co., Ltd. (1212.HK).

The above financing is also made.

Worried about the international financial pressure.

According to the data, Hongkong international Sogo and SOGO Department Store in Shenyang and mainland have increased their revenue by 3.4% in 2015, and net profit dropped by 10% over the same period.

RIFA international achieved sales of HK $13 billion 800 million in the fiscal year ended December 31, 2015, up 1.6% from 2014, which accounted for the total

73% of Hongkong's sales revenue increased by 2.3% to HK $10 billion 134 million 100 thousand per year, partly depending on the relocation of Sogo SOGO Department Store in Tsim Sha Tsui in 2014 to form a lower base.

Tongluowan's Sogo SOGO Department recorded a 4.5% decline in sales revenue due to the decline in mainland tourists and local consumption power. The annual volume of passenger traffic decreased by 2.4%, and the unit price of passengers declined by 3.1% to HK $850, while the same store sales decreased by 1.7% from the first half of the year to 4.7% over the whole year.

Liu Luanhong, chairman of Li Fu International, said earlier that the performance of Sogo SOGO Department in Tongluowan this year was disappointing, and sales in the same store in 1 and February expanded to double digits.

He hopes to hit the bottom in the two quarter or the second half, but does not expect a "V rebound". It is estimated that it will only develop horizontally. In the long run, he said he still has confidence in Hongkong.

He also said that the sales pressure of luxury goods increased. In the future, young brands and sports brands would be introduced to meet the changing consumer demand in the future.