Yao Jun Da, Founder Of Milan Station, Left Office In July 11Th.

< p > Hongkong second-hand brand name retailer Milan station Holdings Limited (1150.HK) today announced that since July 11th, founder Yao Junda has stepped down as chief executive officer of the company, but remains chairman of the board of directors and executive director of the company.

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< p > > a href= "http://sjfzxm.com/pioneer/" > Milan station (< /a > 1150.HK) has appointed Cai Weiguo to take over as chief executive officer.

Cai Weiguo previously was the chief executive of Hongkong fashion brand Initial Fashion Company Limited, and also the elder brother of Cai Weiji, general manager of Milan station (China).

Milan station (1150.HK) refers to Cai Weiguo, 44, who has extensive experience in fashion and retailing, focusing on regulatory planning, operations, real estate, marketing and marketing in Hongkong and China, with an annual salary portfolio of HK $3 million 640 thousand.

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< p > in addition, the company sold 28 million 865 thousand share options to directors, chief executives and a number of staff members at a price of HK $0.616.

Among them, chairman Yao Junda and his younger brother, Yao Junwei, the managing director of the board of directors, respectively received 6 million 740 thousand share options, and Cai Weiguo received 3 million 900 thousand shares.

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< p > Yao Junda, who owns 72.29% of Milan station (1150.HK) under the name of the beautiful company limited, plans to sell the company at the end of last year, attracting three potential buyers, including the mainland luxury electric business Temple store, which intends to backdoor listing by purchasing Milan station (1150.HK). However, Milan station (1150.HK) said in mid 5 this year that it had terminated all discussions on potential sale.

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The total revenue of Milan P (1150.HK) in fiscal year 2013 was HK $698 million, an increase of 3.2% over the 676 million 400 thousand HK $2012 in fiscal year. However, the deficit increased to HK $37 million 520 thousand, a loss of HK $13 million 918 thousand over the previous year and a 169.6% share loss of HK $5.56.

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In June 26th, the Milan station (1150.HK) launched a profit warning for the fourth time in the past two years (P). It indicated that the mid-term performance as expected in June 30, 2014 will be a significant loss compared with the same period last year, mainly due to the continued slowdown in the luxury handbag retail market in the first half of the year and the weakening of consumer sentiment.

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