- Business
- YGM Trading Limited (0375.HK) is an investment holding company principally engaged in the wholesale and retail of garments, licensing of trademarks, provision of printing and related services, and property rental. Founded in 1949 and headquartered at 22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, the company operates through four segments offering shirts, blouses, trousers, casual pants, blousons, polo shirts, T-shirts, hats for men, women and children, golf and ski wear, perfume, watches, eyewear, leather goods, home fashion products, suits and casual wear under brands including Ashworth, Black Clover, Guy Laroche, J.Lindeberg and Michel Rene; it also provides security and general business printing services, trades printing products, develops authentication and electronic forgery detection solutions, and leases investment properties. YGM Trading serves customers via a distribution network across Hong Kong, Taiwan, Mainland China, the United Kingdom and internationally, with approximately 320 employees and over 200 retail outlets primarily in Greater China including major cities such as Beijing, Shanghai and Guangzhou. In September 2025, wholly-owned subsidiaries YGM Limited and Yampa Investments Limited entered into a share purchase agreement to dispose of their entire interests in YGM Retail Limited, the owner of global Ashworth intellectual property rights, together with assignment of a HK$31.4 million sale loan, to Citimark Trading Limited for total consideration of HK$34.3 million, conditional on independent shareholder approval at an extraordinary general meeting scheduled for 4 November 2025 and entry into a distribution and manufacturing license agreement effective post-completion granting YGM Marketing Limited exclusive rights to market, distribute and sell Ashworth products in Hong Kong and Macau, non-exclusive worldwide manufacturing rights and non-exclusive use of Ashworth IP therein for an initial three-year term with annual caps of HK$9 million to HK$25 million. This disposal, which realizes the original HK$31.4 million acquisition cost of Ashworth IP from 2019 amid weak global licensing performance and small losses at YGM Retail, refocuses operations on traditional garment activities in Hong Kong and Macau while generating general working capital proceeds.