Discount cosmetics chain operator Sa Sa International Holdings may raise funds in the debt or equity market if its three-year expansion plan requires extra funding.
New chief executive Roger King said the plan running to 2002 aimed at doubling Sa Sa's outlets to 80 in locations across Hong Kong, Taiwan, Singapore and Malaysia.
Mr King declined to put a price tag on the plan but said it would be funded by cash on hand of $570 million and the company's daily cash-flow.
'We may consider debt or equity fund-raising in the future, if necessary,' he said after Sa Sa's annual general meeting yesterday.
Mr King said the immediate objective of the three-year plan was to strengthen the company's cosmetics and skin-care retailing operations.
He said the company would later expand into the mainland, South Korea and Japan.