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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Paq Intl | PAQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.275 | 0.275 |
| Top Posts |
|---|
Posted at 15/3/2010 08:01 by induna123 Yes, but that was only 4 million new shares for payment to Noah concept.They floated at 6p! 120m shares RNS Number:6324O PAQ International Holdings Limited 25 February 2008 PAQ International Holdings Limited Placing of shares and Admission to AIM PAQ International Holdings Limited ("PAQ") is a manufacturer and distributor of protective bags for mobile phones, laptops and other electrical devices, which are manufactured in the People's Republic of China ("PRC") and distributed in the PRC and in many other international locations. KEY POINTS * Placing of 16,666,667 shares at a Placing Price of 6p per share * Number of Ordinary Shares in issue on Admission: 120,516,677 * Market capitalisation on Admission at the Placing Price: �7,231,001 * Dealings on AIM in the shares of PAQ begin today (25 February) * Nominated Adviser and Broker to PAQ is Zimmerman Adams International Limited. Co-broker to the Admission is Hichens, Harrison & Co. plc. Kelvin Yau, Chief Executive of PAQ comments: "I am delighted by the response from investors in London to our fund raising. Our Admission to AIM will provide funds to accelerate our international expansion, including the purchase of other manufacturing and distribution businesses in China and the development of our retail business in many territories, including China and the UK." |
Posted at 03/1/2010 06:45 by buystock We are not a bag company', insists the well-connected Kelvin Yau, chairman and chief executive of Chinese outfit PAQ, 'we're a brand company.' Floated in February with a modest funding, PAQ makes (in the low-cost PRC) and distributes own-brand protective bags for mobiles, laptops, mp3 players and more, while OEM clients include Samsonite and Circuit City. Achieving healthy margins via its emphasis on design and brand building, PAQ has already established its brand outside China (70% of 2007 sales were generated in Europe) and is now going back into the gigantic domestic market, where newly found affluence is being spent on luxury goods, particularly by cash-rich young urbanites in densely populated cities such as Shanghai, Beijing and Shenzhen. In a significant move, PAQ has just inked a product supply agreement with Suning Appliance, China's second-largest consumer appliance retailer. Under the terms, 1,000 stores will exclusively sell PAQ products across the PRC. In addition, ahead of next month's Beijing Olympics, PAQ has opened ten concessions within stores in Beijing, alongside a further four concessions in Shanghai and other parts of China. Results for the 2007 calendar year revealed revenue growth of just over 35% to HK$67.3m (£4.3m), from which a 58% profits increase to HK$12.2m was produced. Computer electronic graduate Yau insists the group's heritage as a white-labelled OEM manufacturer is 'rapidly evolving' into a high-margin business, and we would urge investors looking to buy into a brand-building venture offering China exposure to investigate further. Do remember, however, that the company remains very small, bearing associated risks, though rewards for the bold could prove lavish. Speculative buy. Save 50% off your first year's subscription to Growth Company Investor magazine, and gain immediate access to all the recommendations online |
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