FEG Holdings (01413) established a subsidiary company in Hong Kong, intending to mainly engage in the manufacturing and selling of jewelry and precious metal related products.

FEG HOLDINGS (01413) announced that the company has established a wholly-owned subsidiary, Zuor Holdings Limited, in Hong Kong. Zuor Holdings plans to primarily engage in the manufacturing and sales of jewelry and precious metal-related products, adding diversification to the group's business. The board believes that this move will help spread risks, increase revenue sources, provide a solid foundation, and ultimately boost the group's income.