News

Readen Holding Corp. (RHCO.PK) finalizes the Acquisition of Two Percent Group

 

Readen Holding Corp. (RHCO.PK) finalizes the Acquisition of the Two Percent Group including all associated brands and license

 

RHCO is pleased to announce the completion of our acquisition of Two Percent Group. Due to their well-established household name, we will be utilizing them as our comprehensive platform to service the Asian Market.  While we anticipate additional annual sales between $10-$15 million for the Asian Market for the first year with a projected growth of 30% to 50% for the following year. Our near-term outlook focused on brands including Levi's, Adidas, Puma, Dior, Chanel, Valentino and several others will produce higher profit margins due to a lower return rate. Existing brands under the previous 2% group will still be designed and produced, however we are taking the current opportunity to shift the 2% platform to better serve the growing demand for European fashion and body care products throughout Asia.

At the same time, we will continue to expand our European retail opportunities and we will be able to use our new Asian 2% platform as a catalyst for our European activities too.

 

Quote Kok Wai LEE CEO of the company: “We are very pleased with the way projects are taking form, and while we understand everybody is eager for additional details, please know we are extremely busy with all the required legal parties to finalize the required legislation. We have huge plans in place and we expect Q3 and Q4 of this year to show growth unlike we have seen before.”

 

Forward-looking statements may be identified by the use of the words "anticipates " "expects" "intends" "plans" "should" "could" "would" "may" "will" "believes" "estimates" "potential" or "continue" including both variations or similar expressions

These statements are based upon the current expectations and beliefs of management but are subject to certain risks as well as uncertainties that may cause actual results to differ materially from those described in the forward- looking statements.

These risks and uncertainties include, but are not limited to those discussed in Readen Holding Corporation's postings on the OTC Markets Disclosure & News Service and any future filings with the Securities and Exchange Commission, where factors are incorporated herein by reference.

Contacts:

Readen Holding Corp.

Kok Wai LEE
+31 3562 99970
info@readenholdingcorp.com