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New Trend Lifestyle (NTLG)

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Tuesday 04 September, 2012

New Trend Lifestyle

Expansion into Mainland China

RNS Number : 4769L
New Trend Lifestyle
04 September 2012
 



4 September 2012

 

New Trend Lifestyle Group plc

("NTL" or "The Company")

 

Expansion into Mainland China

 

 

New Trend Lifestyle Group plc (AIM: NTLG), the Singapore-based Feng Shui specialist, is pleased to announce it has opened its first two shops in mainland China.  They are both based in Shenzhen, the nearest city to Hong Kong and with a population in excess of 13 million.  Both shops are leased.

The first is a Feng Shui shop that also sells related products.  It is based in the Chinese Culture Exhibition Palace - an area renowned for Chinese cultural merchandise.

Also selling merchandise, the second, shop is located in the heart of the city's busiest area - Dong Men, which is also a significant mid-range fashion retail location in Shenzhen.  Its principal service offering is Tarot readings.

Says Finance Director, Lawrence Cheung: 'This is our first move into the potentially-lucrative Chinese market following our listing on AIM at the end of June. Both shops are in excellent retail locations, and we remain on track to open eight more shops by the end of 2012.'

 

For further information:

 

New Trend Lifestyle PLC                                                                              0207 653 9850

Robert Goddard, Chairman

Lawrence Cheung, CFO

James Tan, Non Executive Director

 

Zeus Capital (NOMAD and broker)                                                          0161 831 1512

Corporate Finance

Ross Andrews

Andrew Jones

Institutional Sales                                                                                        020 7016 8925

John Goold

 

Newgate Threadneedle

Alex White/ Heather Armstrong                                                               020 7653 9850

 

About New Trend Lifestyle

The Company was established in 2005 by Master Hillary Phang. NTL's Feng Shui services include building and office design consultancy, astrology readings, marriage matching, aura readings and business talks and seminars for large corporations.  These have recently been complemented by Tarot Cards readings and an on-line dating service using Feng Shui principles.

NTL is one of the leading branded Feng Shui consultancies in Asia, selling its services to a mixture of high profile businessmen, political figures, business enterprises and the general public. It provides lifestyle guidance to customers, which leads to the provision of a number of products and services.

Feng Shui is endemic in Chinese communities throughout the world and influences many aspects of personal, business and even Government activities and is the basis on which the Company has created a profitable business with a strong brand and deep-seated cultural drivers.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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