Sincere Watch (Hong Kong) Turns to Clean Energy as Core Luxury Business Stalls
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Sincere Watch (Hong Kong) is facing challenges in its core luxury watch distribution business due to weak demand and ongoing negotiations with international brands. To diversify and stabilize income, the company is acquiring a natural gas business in China, aiming to enter the clean energy sector. However, trading of its shares is suspended as it struggles with accounting issues, delaying resumption for four to five months. The company maintains a stable property investment strategy amid a tough macroeconomic environment.
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