Padini Holding Berhad Essay

1.1 Background of the participationPadini is a Malaysian-domiciled investment-holding company headquartered in HicomGlenmarie Industrial Park, Shah Alam. Incorporated in 1971 as proprietorship low the trade name Hwayo Garments Manufacturers Company, Padini was initially engaged in the manufacture and wholesale of ladies wear. The company subsequently added mens and childrens lines to its offerings when it established its first three brands from 1975 1987. In 1988, Padini discarded its role as wholesaler to take up the role of consignor. Thereafter, the first single-brand store distributing Seed was opened in 1992 in Sungei Wang Plaza, Kuala Lumpur. The company has nine labels in its family of brands and retail in 330 freestanding stores, franchised outlets and consignment counters in Malaysia and around the world.The companys subsidiaries include Vincci Ladies Specialties Centre Sdn. Bhd., which is engaged in traffic of ladies shoes and accessories Padini C orporation Sdn Bhd., Seed Corporation Sdn. Bhd., Yee Fong Hung (Malaysia) SendirianBerhad (Yee Fong Hung) and Padini International Limited, which is engaged in dealing of garments and ancillary products Padini Dot Com Sdn. Bhd. (Padini Dot Com), which is engaged in provision of circumspection services, and Mikihouse Childrens Wear Sdn. Bhd. (Mikihouse), which is engaged in dealing of childrens garments, maternity wear and accessories.Tizio was introduced to the public with the opening of its first outlet in Mid vale Megamall in Nov 2012 and subsequently in Paradigm Mall on 23 May 2013. Like almost all of the Groups Brands, Tizio was developed in-house by, and is registered to the group. Anticipate more presence from Tizio in the coming years as the brand has been slated to become an addition to the groups portfolio of core brands.On 5 March 1998, the group was listed on the Second Board of Bursa Malaysia Securities Berhad (Bursa) and thereafter, transferred to the Main Board on 4 August 2004. The Main and Second Boards merged on 3 August 2009. Major shareholders of the group as at 8 July 2013 are Pang Chaun Yong with 44% and Skim Amanah Saham Bumiputera with 5.0%.