[ET Net News Agency, 24 October 2019] IAG Holdings Limited (08513) said the group
intends to commence Chinese liquor trading business in China which involves the operation
of an online sales platform and the business-to-business product trading through its
subsidiary.
The group is a contract manufacturer based in Singapore that is principally engaged in
the manufacture and sales of injection moulded plastic parts for disposable medical
devices and the provision of tooling services.
Taking into account the continuing growth potential of the domestic consumption of the
Chinese liquor and the e-commerce industry in China in recent years, the directors are of
the view that the commencement of the new business activity will be a good opportunity for
the group to diversify its income streams which may ultimately enhance the financial
performance of the group. (RC)
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08513 MAXWIN INT HLDG
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24/10/2019 15:55
IAG Holdings (08513) to start liquor trading business
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