MACAU DAILY TIMES 澳門每日時報First batch of local residents to move into New Neighborhood this year
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UM holds plaque unveiling ceremony for Macao Institute for Translational Medicine and Innovation; Zhong Nanshan serves as Steering Committee president
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Luxury Industry Goes Global, Knock-Offs Follow
When Giuseppe Festa, an Italian man who owned a small store in Naples became involved in counterfeiting, he also became a global businessman. Mr. Festa imported watches from Hong Kong through Georgian and Egyptian contacts, paid for the goods through New York and Swiss bank accounts, and distributed them throughout Europe in what amounted to one of the continent’s most successful luxury-goods counterfeiting rings. While Mr. Festa dealt in watches, the counterfeit industry covers everything from compact disks and sneakers to medicine and other luxury goods. With the manufacture of luxury goods going global, counterfeiters have increasing sophistication in shadowing the latest trends. In Asia, particularly China, where most imitations are made, counterfeiters have the opportunity to work in close proximity to the manufacture of authentic products, which had moved in search of low-cost platform. Knock-offs sometimes beat the genuine
BETWEEN Feb 8 and 11, notable shareholding changes included those at
Hwa Tai Industries Bhd, where Lim Kam Seng emerged as a substantial shareholder after purchasing 3.76 million shares or a 5.02% stake. As at May 31 last year, Lim held 550,000 shares or 0.73% equity interest in the biscuit manufacturer via RHB Capital Nominees Sdn Bhd.
In the weeks leading up to the Lunar New Year, the counter rose 63.9% to 59 sen on Feb 11 from its Jan 18 close of 36 sen.
Nadicorp Holdings Sdn Bhd disposed of 20 million shares or a 5% stake in
Konsortium Transnasional Bhd (KTB), paring down its holding to 50.8 million shares or 12.6%. As at July 1 last year, Nadicorp which is KTB’s penultimate holding company and the vehicle of Nadicorp chairman Tan Sri Mohd Nadzmi Mohd Salleh was the second largest shareholder of KTB with 100.8 million shares or a 25.02% stake.