<IPO News>MASTERCRAFT I (08146) intends to enter hotel lighting product mkt in China

AAFN - IPO News

MASTERCRAFT I (08146) intends to enter hotel lighting product mkt in China

2012-07-20 09:52:52

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Simon Leung, Chairman and Executive Director of MASTERCRAFT I (08146), said in the listing ceremony that the Company is focusing on the North American market as the product characteristics match with the region. The sales target are mainly large retail market, and there is no single-market risk. He said it has been actively expanding the markets in Europe and Canada, and is also looking to enter the market of China, with particular preference in the hotel lighting product market in the Mainland.

Benefited by the new products this year, the gross margin stayed flat ranging between 18% and 21%. Leung expected the product price this year to be close to last year's. (r)

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