Neo-Concept International Group Holdings Limited announced the successful completion of its acquisition of intellectual property and research and development capabilities from its affiliate, Neo-Concept (Holdings) Company Limited. This strategic move grants NCI full ownership of the 'Les100Ciels' and 'SIU' brands, along with all related trademarks.
The acquisition is designed to enhance NCI's potential for innovation and growth, particularly within the Middle East market. It also aims to streamline the company's operating structure, as highlighted by Mr. Patrick Lau, CFO.
Chairlady and CEO Miss Eva Siu emphasized that this acquisition is pivotal for driving growth and maximizing shareholder returns as NCI expands its global retail footprint. The integration of these brands and R&D teams is central to the company's future strategic initiatives.
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