Share Name Share Symbol Market Type Share ISIN Share Description
MiLOC Group Ltd NEX:ML.P NEX Ordinary Share KYG613521031
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 30.00p 20.00p 40.00p 30.00p 30.00p 30.00p 0 07:56:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

MiLOC Group Limited Strategic Cooperation Agreement

04/01/2019 11:08am

UK Regulatory (RNS & others)


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MiLOC Group Limited

04 January 2019

4 January 2019

MiLOC GROUP LIMITED

("MiLOC")

Strategic Cooperation Agreement

MiLOC is pleased to announce that one of its subsidiaries, Star Collaboration Guangzhou Limited ("Star C"), has entered into a strategic cooperation agreement (the "Agreement") with China Post Advertising Co., Ltd. ( ), a company incorporated in China ("China Post Advertising").

Under the agreement, the parties agreed actively to cooperate in advertising, marketing and sales of Aaron Kwok's exclusive brand AKFS+ hair care products ("AKFS+ products") and all future celebrities co-branded products ("Products"). The parties also agreed to design a series of limited edition post cards of the celebrities to be issued and sold through China Post. Advertising

Pursuant to the Agreement, China Post Advertising has agreed to share its channels, media and data resources with MiLOC. Further, China Post Advertising will also assist in the collaboration for the distribution channels with a joint venture between China Post Group and TOM Group Limited known as "ULE.COM". ULE.COM is a unique and innovative shopping service platform that combines high-end online shopping and offline retail services with online shop and franchised convenience shops. The Agreement provides for a strategic cooperation for brand promotion and sales of the Products.

Commenting on the agreement, Michael Ong, Chief Executive Officer of MiLOC said: "In recognition of China Post Group's network and resources, we believe that a cooperation strategy will increase the exposure of our products and sales will significantly increase in the coming years."

Background of China Post and ULE.COM

China Post Group Corporation ("China Post Group") has a long history with over 50,000 service outlets covering the whole of China. It also has a comprehensive and reliable logistics distribution system. China Post Advertising is a subsidiary of China Post Group, mainly responsible for China Post Group's advertising media business development planning, strategy, business plan formulation and organization and implementation; providing advertising solutions and services for the various business segments of China Post Group.

ULE.COM has more than 500,000 convenience shops in Mainland China.

The directors of MiLOC accept responsibility for the contents of this announcement.

For further information, please contact:-

 
 
    MiLOC 
    ONG Ban Poh Michael - Chief Executive     Tel: +852 2110 4221 
    Officer 
    Ronnie CHOI - Chief Financial Officer 
  NEX Exchange Corporate Adviser             Tel: +44 (0) 20 7469 
   PETERHOUSE CAPITAL LIMITED                                0930 
   Guy Miller 
   Mark Anwyl 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 04, 2019 06:08 ET (11:08 GMT)

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