SINGAPORE (Yosefardi) – Vashion Group Limited has received transfer of 100 shares in PT Louis Gianni from Louis Gianni Company Limited. The transfer of shares valued for US$2.5 million.
The transfer of shares of PT Louis Gianni is for reorganization of group structure.
PT Louis Gianni engages in fashion and retail business with products of such as Men Fashion, accessories, and cosmetic.
While Vashion Group now operates 52 outlets in Hongkong, Macau, and China. Now it is entering Indonesia market.