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WTO Entry Benefits HK Companies
China's entry into the World Trade Organization will surely bring new opportunities for Hong Kong companies that invest in the Chinese mainland, Chairman of Kith Holdings Limited Andrew Hui said Wednesday.
Announcing its interim results at a news conference, Hui said, "with the estimated growth rate of approximately 7 percent for Chinese Mainland's gross domestic product this year, the consumer products market in China, which is the major market segment of our group, foresees a prosperous future."
Kith Holdings Limited, listed on the main board of the Stock Exchange of Hong Kong Limited in 1998, is a packaging printing company focused mainly on the market of Chinese mainland.
Its turnover for the six months ended June 30 was about HK$333.38 million (US$42.74 million), an increase of 69.4 percent over the corresponding period in 2000. Profit attributable to shareholders increased 7.8 percent to HK$20.14 million (US$2.58 million).
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