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naturalborninvestor

12/13/17 6:50 AM

#5070 RE: naturalborninvestor #5069

When you search for "Honmyue OTC" in Google, you will be directed to Kwong Lung, another Taiwan based Textile company which - coincidentally - also "registered in OTC market" in 1999. Are we talking the US OTC quotation here?

About KWONG LUNG Established in 1966, Kong Lung became OTC in 1999. At present, it is one of the largest delicate down cleaning factories in the world. In the down industry, it is the only company that integrates the upstream down material cleaning and manufacturing and downstream home textiles.
http://www.klf-group.com/index_en.php


Kwong Lung ENTERPRISECO.,LTD was established February, 1966 and invested in Kunshan factory in Suzhou in 1993 and established Guanglong feather products factory, producing down products. In December 1996,it established Mekong factory in Can Tho in Vietnam. In April 1999, it registered in OTC market and in May 2000, it set up a closing division and invested in Shudong Enterprise (producing and selling down products and clothing) 1. Operation profile: garment manufacturing accounted for 42% of revenue, down 34% of production, bedding accounted for 24%, export accounting for 94% of revenue, the largest export region is Asia (57%, China, Japan), the Americas 32 %. 2. Industry characteristics: A. affected by Avian influenza, for raw materials are the poultry feathers, B. textile quota was cancelled in 2005, which means more tense competition in textile industry.
https://www.emis.com/php/company-profile/TW/Kwong_Lung_Enterprise_Co_Ltd__%E5%85%89%E9%9A%86%E5%AE%9E%E4%B8%9A__en_3173606.html