Emperor watches say that the purchase price is reasonable

Emperor Watch & Jewellery (887) intends to spend $1.8 billion to purchase the title of the Tsim Sha Tsui flagship store from the parent company, Emperor International (163). Chief Financial Officer Zhu Weiming explained that the shop is close to the high-speed rail station and is a very important place for the company’s long-term development. Emperor watches continued to fall 9.5% yesterday, at 0.285 yuan, with a turnover of 49.3 million yuan.

At present, Emperor International holds approximately 54% of the shares of Emperor Watch & Jewellery. Asked why the “take” at the moment, Zhu Weiming said that the price of the shop was still high in 2013 and 14 years, and the current price is reasonable. In the first half of this year, the company’s net profit rose 3.02 times to 157 million yuan. Yang Nuosi (pictured), chairman and chief executive officer, said that due to the trade war and the depreciation of the renminbi, sales in August saw a easing, and conservative views on sales performance in the second half of the year.