Sun Hing Vision to develop new brand with HK$40mln

Otis Ku, chairman of Sun Hing Vision (0125), said at present IDM accounts for 90% of the whole businesses of the company while franchised distributing businesses accounts for 10%. The company will develop franchised distributing businesses further. He said the company will increase a new brand at the beginning of 2002 and about HK$30mln to HK$40mln will be invested for new production lines and relevant equipment. He also said that at present on hand cash is HK$70mln with 1% debt rate.

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