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Corporate Profile
The Group markets, sells and distributes a wide range of merchandise through different distribution channels catering mainly to the travel, business and lifestyle needs of consumers. The Group’s merchandise is categorised as follows:-
(a) Bags and Travel Essentials
These are organised into travel, business and urban lifestyle range. The Group carries a comprehensive range of luggage and travel bags which include trolley luggage (with either vertical or horizontal trolley systems), garment and other travel bags available in both hard case and soft form which can be either hand-carried or checked-in for air travel. The business range of bags cater for business use and these include pilot cases, document bags, laptop computer bags or backpacks with padded laptop computer and organiser compartments. The urban lifestyle range of bags places greater emphasis on trend appeal and include ladies’ hand bags, sling bags, sports bags, duffle bags, haversacks and casual backpacks. To meet the diversified travel needs of consumers, the Group also markets, sells and distributes a range of travel-essential items such as waist pouches, toiletry bags, beauty cases, foldable bags, trolleys for bags, luggage straps, padlocks, travel adapters, pill-boxes, eye masks and camera cases.
(b) Winter Wear and Accessories
These are winter jackets, cardigans, sweaters, trench coats, vests, thermal underwear, gloves, socks, scarves as well as other winter wear and accessories.
(c) Executive Accessories
These are usually men’s accessories (such as belts, ties, tie-pins and cuff-links) and smaller items (such as wallets, key holders, card holders, passport holders and organisers).
(d) Other Merchandise
These include merchandise which is offered as premium items through gift redemption programmes implemented by BonusLink loyalty card, financial institutions (such as Maybank and the then Southern Bank Berhad), credit card service providers and other redemption card centres (such as RealRewards loyalty card). Certain of the Group’s merchandise is also purchased by companies and business enterprises for use as corporate gifts in connection with their marketing and promotional programmes.
The Group’s distribution channels are: (a) departmental stores in Singapore and Malaysia, (b) its own chain of specialty stores in Singapore and Malaysia, (c) third party retail outlets in Singapore and Malaysia, (d) gift redemption or corporate gift programmes mainly in Malaysia, and (e) wholesale distribution to third party distributors in countries outside Singapore and Malaysia, such as Indonesia, Brunei, Philippines, the PRC and the Middle East.
The Invitation
Invitation in respect of 20,000,000 New Shares comprising:-
(1) 600,000 Offer Shares at $0.30 each by way of public offer; and
(2) 19,400,000 Placement Shares at $0.30 each by way of placement,
payable in full on application.
Applications for the Offer Shares may be made by way of printed Offer Shares Application Forms or by way of Electronic Applications through the ATMs of the Participating Banks or through the IB websites of the relevant Participating Banks referred to in the Prospectus dated 7 May 2007. Applications for the Placement Shares may only be made by way of printed Placement Shares Application Forms referred to in the Prospectus dated 7 May 2007.
Copies of the Prospectus and the Application Forms and envelopes may be obtained on request, subject to availability, during office hours, from:-
Phillip Securities Pte Ltd
250 North Bridge Road
#06-00 Raffles City Tower
Singapore 179101 |
and where available, from members of the Association of Banks in Singapore, members of the SGX-ST and merchant banks in Singapore.
Closing Date
All applications must be submitted by 12.00 noon on 14 May 2007 or for such further period or periods as the Directors may, in consultation with the Manager, in their absolute discretion, decide, subject to any limitation under all applicable laws.
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Initial Public Offerings (IPOs) / Introduction