The Company was listed on the GEM Board of the Hong Kong Stock Exchange Limited (“HKEx”) in 2011, recently changed its name to Palinda Group Holdings Limited (HKEx Stock Code: 8179) to better represents its diversified businesses. The Group′s principal activities are (i) wine trading; (ii) production, sales and distribution of food products; (iii) investment in securities; and (iv) money lending business.
Palinda Group wine trading business aims to take advantage of the steady growth of the Hong Kong wine industry. Wine trading business represents good opportunity to develop our own distribution and wholesale channels that helps diversify the Group′s business. The Group′s major brand Palinda wines are sourced mainly from various Australian reputable vineyard and winery, with a focus on premium quality red wine.
The Group′s other main revenue earner is the production, sales and distribution of food products such as barbequed food and Taiwanese Lou Mei to major local supermarket chains in Hong Kong, which has been in operations since 2006