Sunbridge Group Limited (‘Sunbridge’) is pleased to announce the launch of its prospectus to raise up to $10 million.

SUNBRIDGE LAUNCHES PROSPECTUS TO RAISE UP TO $10 MILLION
Sunbridge Group Limited (‘Sunbridge’) is pleased to announce the launch of its prospectus to raise up to $10 million.

The prospectus offers 50,000,000 Shares at an issue price of $0.20 per Share to raise up to $10,000,000 with a minimum share subscription of $3,000,000 representing the issuing of 15,000,000 shares at $0.20 cents.

  • Two upmarket and highly successful menswear fashion brands in the People’s Republic of China
  • High profit margin business in the fast growing China retail consumer market Expected dividend payment of 25% NPAT on 31st December 2013
  • Two leading and internationally respected Australian Directors on the board


In commenting on the prospectus launch, Wayne Reid O.B.E, Chairman of Sunbridge Group Limited, said:

“We are delighted to be working towards the completion of the IPO process and the imminent listing of Sunbridge Group Limited on the Australian Securities Exchange. The launch process brings about many opportunities for the Sunbridge Group to continue our expansion in China and further target the fast growing Chinese urban population with our upmarket branded menswear range.”

Sunbridge has experienced a steady growth in revenue, gross margin and profit, based on their 2012 sales exceeding A$65m, resulting in a Net Profit After Tax (NPAT) of A$13m. This success can be attributed to the growth of both the apparel market and the annual disposable income of urban households in China. China’s GDP in 2012 totalled RMB51,932.2 billion(A$934 billion), achieving a 7.8% real GDP growth rate over the previous year. Per capita annual disposable income of urban households in China has maintained sustainable growth of nearly 10% since 2005. This rapid economic growth, as well as increasing material and cultural needs, in China have all contributed to driving the apparel industry. In 2012, the menswear market in China achieved a retail sales value of RMB382.8 billion (A$68.85 billion), and it is still in the developing stages. With increasing attention to fashion and recognition of emerging menswear brands, this market expects to see a steady compound annual growth rate of over 10% in the future.

In commenting on the continued growth expected in the China market, Wayne Reid O.B.E, Chairman of Sunbridge Group Limited, said:
“We are targeting China's rapidly growing middle and upper-middle class male consumers aged 25-40 years – the age group with the highest disposable income in China, and hope to continue to maximise our sales and distribution of our leading branded menswear products.”

Sunbridge Group Limited’s two main upmarket and highly successful menswear labels are Pandist and Agueseadan. The Company sells the vast majority of its products on a wholesale basis to distributors, who subsequently sell the products to end customers through over 400 retail shops and outlets across 28 provinces in China. The largest number of outlets are located in coastal regions, such as Jiangsu, Guangdong and Fujian provinces and Xinjiang. The use of this wholesale distribution method limits the capital expenditure required, which also allows the Company to focus on the all important brand building.

The founder and major shareholder of Sunbridge, Mr Xu has over 25 years experience in the China fashion retail industry. As Managing Director, Mr Xu has been responsible for formulating the strategic direction and overall management of the company. He has also been responsible for assembling one of the most highly regarded and prestigious boards for a China based company seeking to list on the ASX. He has also been acknowledged by his peers with a range of individual awards and has been a council member for a number of local and provisional associations and leads a highly professional and experienced management team in China.

In commenting on the appointment of Wayne Reid O.B.E as Chairman and Andrew Plympton as a Director of Sunbridge Group Limited, Mr Xu, Managing Director said:
“Sunbridge is delighted to have appointed two of the most experienced Directors in Australia. Both Directors have played key roles on the local and international stage, representing many listed and unlisted companies and organisations at board level in the fields of retail, communications, financial services and sport.”

In commenting on the prospectus launch, Andrew Plympton, Independent Non-Executive Director of Sunbridge Group Limited, said:
“Sunbridge is committed to listing on the ASX as it offers a sophisticated capital market, an internationally recognised and sustainable corporate governance environment, and a suitable platform for the Group’s expansion.”

On successful completion of the prospectus raising to the full subscription level, in terms of issued capital, there will be a total of 500 million shares on issue, taking the Company’s market capitalisation to approximately $100 million.

BlueMount Capital is the Corporate Advisers to Sunbridge Group Limited with Novus Capital acting as the sponsoring broker to the issue.

For press release in pdf please click here.

[10 July 2014] In early June, the Pandist brand was an anchor sponsor and designated menswear supplier for the 2014 AVC Beach Volleyball Championship held in Jinjiang city.

 

PANDIST Official Sponsor of 2014 AVC Beach Volleyball Championship
[10 July 2014] In early June, the Pandist brand was an anchor sponsor and designated menswear supplier for the 2014 AVC Beach Volleyball Championship held in Jinjiang city.

Top players have gathered here in southeast China to compete for the highest honor in Asian beach volleyball. A total of 41 teams from 14 countries participated in the championship, which lasted from 5th June to 8th June, at Yakou Beach in Jinjiang City, Fujian Province of China.

There were a total of 24 men's teams divided into 8 pools of 3 teams, competing in round-robin play where the best 2 teams from each pool will qualify into a round of 16 where direct elimination format will then apply. Similarly, a total of 17 women's team were divided into 4 pools of 4 teams in Pool A to C, and 5 teams in Pool D. One team in each pool was eliminated before the teams moved on to the round of 16 for direct elimination.

After bouts of fierce and exciting matches, teams from Australia proved unmatched in skill as the men's team of Christopher McHugh and Isaac Kapa took top spot, beating Dmitriy Yakovlev and Alexey Kuleshov from Kazakhstan who took second place. The Australian women's team of Louise Bawden and Taliqua Clancy overpowered Varapatsorn Radarong and Tanarattha Udomchavee from Thailand to take the crown. The women's team of Chen Xue and Xinyi Xia from host country China took third spot, and the men's team of Cheng Chen and Jian Li shared fifth rank with teams from Indonesia, Qatar and another team from Australia.

“Last year, Jinjiang organized one leg og the 2013 China Beach Volley Tour successfully. I believe Jinjiang city is capable of hosting higher-level beach volleyball tournaments. ” said Wang Jianping, Director of the Jinjiang Municipal Publicity department “2014 is a key year for all Asian beach volleyball players as Asian Games will be held September in Incheon and the 2nd AVC Continental Cup which is the road to Rio Olympic Games will also launch this year. The Asian Beach Volleyball Championship in Jinjiang will act as an important platform for all the players.”

“It is an exciting competition. “ said Xu Jia Yin, managing director and CEO of Sunbridge Group Limited, who owns and operates the menswear brand PANDIST in China. “It is also an honor that we are the anchor sponsor and designated menswear supplier for this event, and that we are able to display and show forth the dedicated quality of our brand, and the commitment we put behind it towards the community.”

Sunbridge Group Limited is a leading retailer of menswear in the People's Republic of China. The group owns and operates the “PANDIST 邦迪.斯顿” and “AGUASEADAN 亚阁.仕丹” brands of menswear, which are targeted at different age group segments of well-groomed upper middle class gentlemen. The Group's products are currently sold in over 400 retail outlets all across the PRC.

Melbourne & Jinjiang, 9 December 2014: Sunbridge Group Ltd (ASX: SBB) (Sunbridge, the Company) is pleased to announce that itsPANDIST men’s fashion brand recently won a number of awards at the Asian Brand Forum recently held in Shenzhen.

PANDIST Brand Wins Multiple Awards At Asian Brand Forum with CEO also honoured
Melbourne & Jinjiang, 9 December 2014: Sunbridge Group Ltd (ASX: SBB) (Sunbridge, the Company) is pleased to announce that itsPANDIST men’s fashion brand recently won a number of awards at the Asian Brand Forum recently held in Shenzhen. Sunbridge’s CEO, Mr Xu Jia Yin, was also honoured with an award at the ceremony.

The prestigious China Excellence Brand Awards, widely regarded as industry ‘Oscars’, are held in conjunction with the Forum and attended by Government officials, Chamber of Commerce heads, industry leaders, celebrities and major media outlets. The awards seek to recognize and reward brands and individuals for their outstanding contribution to industry.

In a major win for Sunbridge its brand was named as one of China’s Top 500 most influential brands. The brand was also amongst only a select few that were recognized for having an international perspective, a promising sign for the Company. In addition, PANDIST was named as one of the Top 10 Brands with potential for growth.

Sunbridge’s CEO, Mr Xu Jia Yin, was also recognized and honored for his contribution by being named as one of China’s Top 10 most influential brand leaders.

Mr Xu commented: “These awards are a great achievement for Sunbridge and for PANDIST, which has now been officially recognised as one of the most influential brands in China, with an international outlook and excellent prospects for growth.”

“On a personal level, I am greatly honoured and to have received an individual award, which I also think reflects the esteem in which both our Company and our brand are held.”

“With our ongoing and strategic program to rapidly increase the number of self-owned stores, many within high-profile department stores, we will achieve even greater visibility, traction and growth for both the PANDIST and AGUESEADAN brands.”

“As recently reported, we are well on track to achieve our goal of 70 self-owned stores by year’s end, and we look forward to updating shareholders on our progress on this and other growth initiatives in the coming weeks.”

Sunbridge Group Ltd is pleased to announce that it has concluded on 18th May 2015 its Annual General Meeting in accordance to Listing Rule 3.13.2 and Section 251AA of the Corporations Act 2001.

Read the Chairman's address to the Annual General Meeting here.

All resolutions put to the meeting were successfully passed. See our report to the ASX here.

Read Press Release