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Lau Luen Hung Thomas, Chairman and Chief Executive Officer of Lifestyle China, said after the spin-off listing the management team will leverage on its operational experience to expand prudently in the PRC department store market.

Looking into the future, Lifestyle China said it aims to strengthen its position in China’s department store market and increase its competitiveness. The company said it is in the process of developing a new retailing complex on Daning Road, Jing’an, Shanghai, which will house a Jiuguang department store. The development of the Daning project is targeted to be completed in December 2018 and the company expects the project would enhance its brand in the Shanghai's department store market.

The article was published on 18 - 07- 2016 (16:55M GMT+800)

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