KUALA LUMPUR: Main Market listed Industronics Bhd
’s Hong Kong unit Ecgo International Ltd has launched its luxury watch e-commerce platform, watch-exchanges.com.
In a statement on Tuesday, Industronics said WatchExchange will issue authenticity certificates for pre-owned luxury watches in Malaysia and Asia Pacific.
The group's venture into e-commerce will require extensive funding, which will be used to develop and enhance the group's platform and carry out both online advertising and offline promotional activities, it said.
“The group is looking to set up a fund in Hong Kong to raise a total of RM250mil from potential investors. Proceeds raised will be utilised to purchase different brands of luxury watches for resale on the group's platform.
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