U-Right International Holdings Limited (Chinese: ??????????) (SEHK: 627 ), or U-Right (Chinese: ??), was a garment distributor and retailer headquartered in Hong Kong. It offered men's and ladies' casual wear under the brand name of U-Right through retail outlets and distribution points. It utilized and licensed the Swedish Texcote technology, which is a material processing technology based on the principles of nano-technology. It also had its own production base in Shunde and Shenzhen of Guangdong to develop its nano-technology products.
Video U-Right
History
U-Right was founded by Mr. Leung Ngok in Hong Kong in 1983 and Mr. Leung served as the company chairman until 2008.
In 2008, U-Right was liquidated by Deutsche Bank, its creditor, as HK$1.3 billion debts was disabled to pay back. And provisional liquidator took over U-Right. Retail stores were closed down and 160 employees were laid off. Mr. Leung, U-Right's former chairman, was also declared bankrupt by the Hong Kong High Court. Its shares still suspended trading until further notice.
Maps U-Right
Link
- Provisional Liquidators of U-Right International Holdings Limited
References
Source of article : Wikipedia
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