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970 On Other Exchanges
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sparkle roll group ltd (970) Snapshot

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sparkle roll group ltd (970) Details

Sparkle Roll Group Limited, an investment holding company, engages in the dealership of luxury cars, branded watches and jewelry, red wines, and other luxury goods primarily in Hong Kong, Mainland China, and Malaysia. It distributes cars of various brands, such as Bentley, Lamborghini, and Rolls-Royce; Richard Mille, DeWitt, Parmigiani, deLaCour, and Buben & Zorweg branded watches; and Boucheron and Royal Asscher branded jewelries. The company also distributes fine red wines of various brands, including DUCLOT EXPORT, Maison Joanne Bordeaux, Ulysse Cazabonne, Compagnie Medocaine Des Grands Crus, Domaine d’Eugénie, and Chateau D’Yquem; audio-visual equipment of Bang & Olufsen and B&O PLAY brands, as well as Corneliani branded luxury menswear. In addition, it provides automobile related parts and accessories; and after-sale services. Further, the company offers public relation and marketing, advertising, and corporate management and consultancy services; transportation and storage services; and insurance agency services. Additionally, it is involved in the culture and art exchange activities; trading of artwork; sale and distribution of audio and visual consumer electronics products; and property investment for rental activities. The company is based in Wanchai, Hong Kong.

485 Employees
Last Reported Date: 12/14/15

sparkle roll group ltd (970) Top Compensated Officers

Chairman, Chief Strategic Officer and Member ...
Total Annual Compensation: $1.9M
Compensation as of Fiscal Year 2015.

sparkle roll group ltd (970) Key Developments

Sparkle Roll Group Limited Announces Executive Changes

Sparkle Roll Group Limited announced that Mr. Zhao Xiao Dong has tendered his resignation as an Executive Director, the Deputy Chairman and the Chief Operating Officer of the company with effect from 1 January 2016. He has also tendered his resignation from all his positions within the Group with effect from 1 January 2016. The board announced that Mr. Zhu Lei has been appointed as an Executive Director of the company, with effect from 1 January 2016. Mr. Zhu shall hold office until the next following annual general meeting of the company. Mr. Zhu joined the group in May 2011 and has since held several positions in the Group, including but not limited to the executive director of the marketing department of Beijing headquarter, the operating director of Sparkle Roll Xin Tian Di Commerce Development Limited, the director of the fine wine business of the Group and the general manager of Sparkle Roll Online (Beijing) Business Service Limited.

Sparkle Roll Group Limited Reports Unaudited Consolidated Cash Flow Results for the Six Months Ended September 30, 2015

Sparkle Roll Group Limited reported unaudited consolidated cash flow results for the six months ended September 30, 2015. For the period, the company reported net cash generated from operating activities of HKD 223,730,000 compared to HKD 7,045,000 a year ago.

Sparkle Roll Group Limited to Commence e-Commerce Platform, Sparkle Roll Online

The board of directors of the Sparkle Roll Group Limited announced that the company has decided to commence its investment in establishing an e-commerce platform, namely "Sparkle Roll Online", in order to capture the e-commerce market. It is intended that such e-commerce platform will be accessible through Internet and mobile apps. To leverage the experience of the group as the leading distributor and dealer of top-tier luxury goods, there will be 10 different categories of online channels for ultra-luxury cars, super deluxe branded watches, top-tier branded jewelleries, finest red wines, niche luxury goods, high-end tours, investment and finance, dream mansion, celebrity club and the wonderland respectively. Apart from the brands currently distributed by the group, it is intended to introduce 70 new luxury brands initially on the platform and the group's target is to have no more than 300 brands available on the platform. The group targets to launch the "Sparkle Roll Online" in the second quarter of 2016 and expects that by 2020, the transaction value and the number of high-end customers can reach RMB 50 billion and 50,000 respectively.

 

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