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Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that they have relaunched the Two Percent Online Store (www.twopercent.hk). Despite a long delay due to the Covid-19 situation, the Company is pleased to launch the newly designed and enhanced online store, and confident that this well-established brand in Asia will evolve to be number one Global Online Luxury Fashion Store for all luxury brands in Fashion, Beauty Products and Luxury Accessories.
RHCO acquired 2% WIP GROUP in 2019, which is a highly popular and well-established international fashion company with some of the hottest brands in China and Europe. To better serve the growing demand for European Fashion, Cosmetics and Body Care Products throughout Asia, RHCO has now transformed Two Percent Online Store into a comprehensive retail platform for all luxury brands. More than 500 global brands, such as Levi's, Adidas, Puma, Dior, Chanel, Valentino and much more, are currently available on Two Percent Online Store with over 37,000 products. It will continue to expand retail opportunities in China and other regions in Asia with competitive retail price and low delivery cost.
Two Percent Online Store is also one of the major merchant of OkeApp, the Company’s newly launched discount referral app (www.okepartners.com). As a member of OkeApp, customer can receive a special discount code through the app and claim the discount in Two Percent Online Store. Since OkeApp will be working closely with strategic partners like Ctrip, Two Percent Online Store will get massive exposure in China and Asian markets instantly.
RHCO anticipates fast growing annual sales of Two Percent Online Store in the Asian Market for the first year, with a projected growth of 30% to 50% for the following year. The sales will also optimize the utilization of OKEPAY (www.okepay.biz), a comprehensive back-end Payment Platform operated by RHCO, which accepts standard credit and debit cards, such as Visa, MasterCard, AMEX, UnionPay, along with Alipay, WeChat Pay and other mobile wallets and e-vouchers.
Richard Klitsie, CEO of RHCO stated, “The relaunch of Two Percent Online Store has been one of our prime projects, along with the launch of OkeApp. Even though it has been delayed several times due to the Covid-19 situation, online shopping has since become a habit for almost everyone, so we believe this is a great time for Two Percent Online Store to be back in the market’s spotlight and be the driving force of our E-commerce strategy.”
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
Readen Group, RHCO announcement
