Dow Jones received a payment from EQS/DGAP to publish this press release.
EQS-News / 18/10/2017 / 16:45 UTC+8
*LF Asia's healthcare business to become DCH Auriga*
_Serving the healthcare industry with a dedicated Asian distribution
platform_
(Hong Kong, 18 October 2017) Following the acquisition of LF Asia Ltd. ("LF
Asia") and its subsidiaries by Dah Chong Hong Holdings Limited ("DCH", stock
code: 1828.HK) in July 2016, the LF Asia healthcare and consumer goods
distribution operations will be realigned under dedicated management to
prepare for growth across the region. As of 1 Nov 2017, LF Asia's healthcare
business will change its name to DCH Auriga Ltd.
Under the new name, DCH Auriga will continue to partner with world leading
healthcare companies to bring medical products and treatments to Asia by
offering end-to-end solutions including regulatory and medical liaison
support, sales and marketing, commercial services, warehousing and logistics
in Hong Kong, Macau, China, Singapore, Malaysia, Indonesia, Thailand and the
Philippines.
The name "Auriga" is adopted from a constellation depicting a charioteer,
symbolising the business's commitment to agility and dedication to guiding
clients through the complexities of dynamic markets. DCH Auriga pairs deeply
rooted relationships and intrinsic local expertise with cutting edge
technologies that drive flexibility and transparency in the supply chain.
This rich expertise is complimented by a dedication to partnership and the
belief that customised solutions create optimised supply chains. Teams of
in-market professionals deliver innovative solutions and actionable insights
to enable our partners to deliver the best possible care to those in need.
Mr. Tim Collins, CEO of DCH Auriga, commented, "This restructuring will
enable DCH Auriga to focus on better serving our strategic partners across
the region and meet the unique and complex requirements of Asia's healthcare
communities. With the support of DCH and CITIC Pacific Limited, we are
positioned for dynamic growth."
*About DCH Auriga*
DCH Auriga is an an Asia-based integrated market management provider
specialising in healthcare. Offering comprehensive commercial and logistics
solutions, DCH Auriga partners with the world's leading healthcare companies
to distribute pharmaceuticals, medical devices, surgical equipment,
diagnostics and OTC products for more than 500 brands into hospitals,
pharmacies and specialty stores across Asia. DCH Auriga is a subsidiary of
Dah Chong Hong Holdings Limited (stock code: 1828.HK) with operations in
Hong Kong, Macau, China, Singapore, Malaysia, Indonesia, Thailand and the
Philippines. For more details, please visit www.dchauriga.com [1].
*About DCH*
Dah Chong Hong ("DCH", stock code: 1828.HK) is an integrated motor and
consumer products distribution company operating in Asia with an extensive
logistics network. DCH is a leading distributor and dealer of motor vehicles
in Greater China and provides a full range of motor related services
including maintenance, rental, repair and financing. DCH's consumer products
business includes the trading, distribution and retail of food and FMCG,
healthcare and electronic products.
Dedicated to bringing to quality products to consumers across Asia, DCH is
the preferred partner of over 1,000 brands from more than 30 countries with
operations in 10 Asian economies.
DCH is a subsidiary of China's largest conglomerate CITIC Limited (stock
code: 0267.HK), DCH employs over 17,000 staff across the region. For more
details, please visit www.dch.com.hk [2].
*Media Enquiries:*
Ms. Gwen Walters
(852) 2768 2017
gwenwalters@dch-holding.com
Ms. Katherine Tung
(852) 2768 2585
katherinetung@cccm.dch.com.hk
Document: http://n.eqs.com/c/fncls.ssp?u=APXBRRORJT [3]
Document title: LF Asia's healthcare business to become DCH Auriga Serving
the healthcare industry with a dedicated Asian distribution platform
18/10/2017 Dissemination of a Marketing Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
October 18, 2017 04:45 ET (08:45 GMT)
