News and Research on Man Sang Holdings, Inc. (MHJ)
Business Description
Man Sang Holdings, Inc. through its subsidiaries engages in the purchasing, processing, assembling, merchandising, and wholesale distribution of pearls, pearl jewelry products and jewelry products. In addition, the company owns and operates a real estate complex in Shenzhen, People’s Republic of China (the PRC).
Pearl Operations
Products
The company offers seven product lines including freshwater pearls, Chinese cultured pearls, Japanese cultured pearls, South Sea pearls and Tahitian pearls, pearl jewelry and other jewelry products. Freshwater pearls are available in various shapes and sizes. The available sizes range from 2mm to 8mm. The company also offers fully assembled pearl jewelry, including necklaces, earrings, rings, pendants, broaches, bracelets, cufflinks, and similar miscellaneous pearl products.
Real Estate Leasing Operations
As of March 31, 2007, Man Sang Industrial City consisted of 27 completed buildings encompassing a total gross floor area of approximately 813,000 square feet. Of the 27 completed buildings in Man Sang Industrial City, 18 buildings are rental properties, and the remaining 9 buildings are for the company’s own use. In addition to factories, dormitories and shops, Man Sang Industrial City has green zones, playgrounds and other amenities typically offered in industrial/living complexes in the PRC.
As of March 31, 2007, the 18 buildings in Man Sang Industrial City, excluding the 9 buildings utilized for the company’s pearl operations, were used for leasing purposes to independent third parties and industrial users not connected with it.
In addition to Man Sang Industrial City, the company own rental properties in Hong Kong (Hong Kong Rental Properties) which were leased to independent third parties. The Hong Kong Rental Properties consist of the properties as follows: 2,643 square feet on 17th Floor and a car parking space No.16 on 2nd Floor; Parking space No. 3 on Floor L3 of Valverde; 1,063 square feet at Flat A on 33rd Floor, Valverde; and 957 square feet at Room 407, Wing Tuck Commercial Centre, 177-183 Wing Lok Street, Sheung Wan, Hong Kong.
Marketing
The company markets its products from its facilities in Hong Kong. The company’s sales staff, which is divided into groups organized by geographic regions, markets freshwater pearls, Chinese cultured pearls, Japanese cultured pearls, Tahitian pearls, South Sea pearls, and jewelry products.
Customers
The company’s customers consist principally of wholesale distributors and mass merchandisers in Europe, the United States, Hong Kong and other Asian countries.
Competition
The company’s principal competitors include Tasaki, Mikimoto, Tokyo and K. Otsuki.
History
The company was founded in 1986. It was formerly known as SBH Ventures, Inc. and changed its name to UNIX Source America, Inc. in 1991. The name was further changed to Man Sang Holdings, Inc.
