Richina looks to move to Bermuda
The parent organisation to Shanghai Richina Leather, Richina Pacific, is to seek shareholder agreement to relocate to
In a statement the company said that transferring to
Richina says that ultimately its primary listing market is likely to be
The firm has around 3,500 shareholders and plans to hold a special shareholder meeting on
The news follows Richina’s downgrading of its annual profit forecast by A$2.5 million ($1.9 million) to A$4 million ($3.1 million) due to the underperformance of its Shanghai Richina Leather (SRL) operation. (See leatherbiz.com story, Richina downgrades profit forecast - 24.10).
