6 Mar 2023
Readen Holding Corporation (OTC Pink: RHCO) Announces Office Relocation of E-Commerce Division and Opening of New Warehouses in China and Hong Kong
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that the Company has split offices for its E-commerce and Fintech divisions. The new office of E-commerce division has been relocated to 3301, Cable TV Tower, Tsuen Wan, Hong Kong, which is also in the same area of Fintech division office.
The new 3,000 sq. feet office will be the operating center of Neckermann Direct (www.neckermanndirect.eu) and Two Percent (www.twopercent.hk), the Company’s two flagship E-commerce platforms, as well as its wholesale businesses Fligro (www.fligrofood.com).
Neckermann Direct has been undergoing major expansion after RHCO revived the well-known 70 years old brand last year and turned it into a front runner of global E-commerce. It provides a platform for Asian merchants and products to enter European market and has captured the market opportunity, as E-commerce giant Amazon blocked numerous Chinese merchant accounts and forced many Chinese companies to seek other direct selling channels. Neckermann Direct welcomes cross-border merchants from Asia to directly sell their products to customers in Europe, activity bridging the gap between European customers and Asian merchants and has already added more than 150,000 products online.
The Company has foreseen the tremendous sales growth of Neckermann Direct and the need to expand its operating team, including Marketing, Logistic, Customer Service and I.T. support, thus made the decision to open a new office for the E-commerce division. The new office is also a preparation for Two Percent’s coming expansion, as the Company targets to relaunch the online shopping platform in coming months.
The Company is also in the process of opening three logistic warehouses, two in China and one in Hong Kong, for the logistics and inspections before the goods are sent out to the costumers in Europe or USA to overcome any problem with quality or counterfeit products.
On another note, currently RHCO is labeled a Yield Sign (Pink Limited Information), it was due to new filing rules required by OTC Markets. As all new information has been filed, RHCO is expecting the Yield Sign to be taken off very soon.