RYODEN (Holdings) is expected to speed up the preparation of its subsidiaries for listing, after financial adviser David Hsu joins as executive director.
Mr Hsu, who was a director of Wardley Corporate Finance, said he would be mainly responsible for the financial and corporate development of the group and its subsidiaries.
Listing of its various subsidiaries on the stock exchange would be part of its corporate development that would be explored, he said.
Ryoden Holdings, owned by the family of Hu Fa-kuang and two Japanese firms, supplies and installs lifts and escalators and has engineering contracting, trading and property divisions.
The group has recently established a garment division which will initially focus on men's wear manufacturing and retailing in China.
Mr Hsu would not speculate on the possibility or priority of listings for the group's subsidiaries.
