Luxury retailer Dickson Concepts (International) has renewed as many as 12 agreements with companies either controlled or wholly owned by its chairman, who will receive up to $328 million over the next three years when the agreements mature.
The announcement came after chairman Dickson Poon reportedly needed to invest as much as Euro50 million ($477.98 million) to rescue his Paris-listed ST Dupont from bankruptcy.
Business dealings between Mr Poon's private company and its listed arms have previously raised concerns over transparency.
In 2000, Dickson Concepts sparked controversy over its failure to disclose a deal to buy hardware and software from Mr Poon's Dickson Management Consultancy at a fixed rate of $130 million.
'There are too many connected transactions in the company. To a certain extent, it will hurt the corporate image,' an analyst said.
According to the announcement, most of the 12 renewal agreements relate to merchandise purchase and the payment of sub-licence fees and promotional and advertising fees to Mr Poon's connected companies.