HONG KONG, May 29, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the "Company"), a one-stop apparel solution services provider, today announced a game-changing acquisition. The company has signed an Asset Purchase Agreement ("APA") to acquire the intellectual property ("IP) and R&D capabilities of its affiliated company, Neo-Concept (Holdings) Company Limited ("NCH").
Under the deal, NCI will take full ownership of the highly-valuable "Les100Ciels" and "SIU" brands, including all associated trademarks and trade names. Crucially, this includes the transfer of the R&D teams responsible for these in-demand labels.
"This strategic move turbocharges our retail expansion, especially in the booming Middle East markets," declared Miss Eva Siu, Chairlady and CEO of NCI. "The current licensing model simply doesn't give us the control we need. Now, with full IP ownership, we can supercharge our growth plans."
NCI's CFO, Mr. Patrick Lau, echoed this sentiment: "Owning these prized assets outright eliminates potential costly royalties and end licensing uncertainties once and for all. It's a game-changer that will maximize shareholder value as we scale up our retail footprint worldwide."
The asset transfer is expected to be completed within 6 months, setting the stage for NCI's next phase of dynamic growth.
香港，2024年5月29日（環球新聞專線）——一站式服裝解決方案服務提供商Neo-Concept International Group Holdings Limited（納斯達克股票代碼：NCI）（“公司”）今天宣佈了一項改變遊戲規則的收購。該公司已簽署資產購買協議（“APA”），以收購其關聯公司Neo-Concept（控股）有限公司（“NCH”）的知識產權（“IP）和研發能力”。
根據該協議，NCI將擁有高價值的 “Les100Ciels” 和 “SIU” 品牌的全部所有權，包括所有相關的商標和商品名稱。至關重要的是，這包括調動負責這些需求標籤的研發團隊。
NCI董事長兼首席執行官Eva Siu女士表示：“這一戰略舉措推動了我們的零售擴張，尤其是在蓬勃發展的中東市場。”“當前的許可模式根本無法爲我們提供所需的控制權。現在，有了完全的知識產權所有權，我們可以加強我們的增長計劃。”
NCI首席財務官Patrick Lau先生也表達了同樣的觀點：“完全擁有這些珍貴的資產可以消除潛在的昂貴特許權使用費，並一勞永逸地消除許可的不確定性。它改變了遊戲規則，隨着我們在全球範圍內擴大零售業務，它將最大限度地提高股東價值。”
資產轉讓預計將在6個月內完成，爲NCI下一階段的動態增長奠定基礎。
