Sweda to seek listing on Main Board

Paul So, Managing Director of Sweda Limited, said that the company is mainly engaged in timepiece designing and manufacturing. It is now preparing to list on the Main Board of the Stock Exchange. He expected the listing application to be submitted in the first quarter next year, adding that the proceeds have yet to be decided. He revealed that the annual turnover of the company is $300-400 million, over 5% of which is spent on research and development.

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