PEN receives purchase order of shop fitting products for Chinese market

PEN Concept Group has, through its wholly owned subsidiary Qingdao Oboya Shop Concept Co., Ltd., received a purchase order from Liqun Group Co., Ltd, regarding shop fitting products such as single and double sided shelve systems and promotion racks. All items, produced at PEN’s manufacturing facility in Qingdao, will be used in a newly opened store in Boncheng in Shangdong province. Order value is approx. 830 kCNY (1.060 kSEK). Liqun Group is planning further store openings after the Chinese New Year with the intention to continue its cooperation with PEN.

Johan Burtus, CEO at PEN Concept Group, explains:
“The demand in the retail segment continues to develop well. We are delighted to receive this order from Liqun Group and look forward to a successful cooperation ahead."

For any inquiry regarding this press release, kindly contact:
Johan Burtus, CEO, PEN Concept Group AB
E-mail: johan.burtus@pen.se
Phone: +46 738 000 460

This information is insider information that PEN Concept Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication trough the agency of the contact person set out above, on February 8, 2018.

PEN Concept Group in brief
PEN Concept Group AB, headquartered in Jönköping, Sweden, is a turnkey supplier of interior products and solutions for shops, exhibitions, events, restaurants and showrooms. The group coordinates all required resources to offer customers both standard and customized interior solutions, including large scale productions. The Swedish operations is channelled through the subsidiaries PEN Interiör AB, PEN Shop Concept AB and Goods Sweden AB. The group also has a production and distribution facility, Qingdao Oboya Shop Concept Co., Ltd. in China.

Liqun Group in brief
Liqun Group Co., Ltd., ‘LIQUN’, is a commercial enterprise with history more than 70 years of business distribution experience across China. Operations include commercial chains, business logistics, hotel chains, pharmaceuticals, import and export trade and real estate.

LIQUN was selected as one of the Top 500 Chinese Enterprises in 2004 and became the only retail enterprise selected in Shandong Province.

2016 net sales totaled 10.2 bCNY (Bloomberg.com / 601366:CH)

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