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Stelux Holdings Ceases Mainland China Operations Amid Strategic Shift
STELUX HOLDINGS (00084.HK): Termination of Business in Mainland China.
On February 19, Gelonghui reported that STELUX HOLDINGS (00084.HK) announced that the management has decided to terminate its Business operations in mainland China as a strategic measure to streamline group operations. Currently, the group operates five retail stores and an online platform in mainland China, all of which will cease operations in the coming months. Afterward, the group will continue to operate approximately 85 retail stores in Hong Kong, Macau, Singapore, Thailand, and Malaysia, as well as manage the "Time Corridor" and "TIDAL" online stores. This was disclosed in the interim report for the six months ending September 30, 2024.
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