Established in 1978, Weifa Group was early engaged in the design and manufacture of plastic packaging products for Hong Kong-based manufacturers. In 1981, the group expanded its production line to wall decoration, celebration supplies and masks, etc.
Then, in 1983, a production facility was set up in Zhuhai in southern China to design and produce festive boutiques, and Christmas and other holiday decorations were added the following year. The Group expanded again in 1988, moving all its production lines to mainland China, leaving only the marketing and administrative departments in Hong Kong. At present, the Group's production facilities are located in Guangdong Province, that is, Shenzhen, Zhuhai and Zhongshan, employing more than 3000 employees and a plant area of more than 1000000 square feet.
In October 1992, the Group was successfully listed on the Stock Exchange of Hong Kong Limited. Since then, through acquisition and merger, the Group has once again expanded into the production of printing products, corrugated boxes, color ingredients, as well as PVC film and plastic raw materials trade.
By the end of 2003, the Group had successfully acquired a portfolio of companies engaged in the production of toys and consumer products, the manufacture of plastic injection moulds and the provision of precision injection assembly technology for these moulds. In 2009, the Group's business was divided into four major categories: (I) fun boutiques and holiday decorations, (II) packaging products, (III) PVC and plastic raw materials trade and (IV) toy products with an annual turnover of approximately US $52 million.
In order to make the best use of the cash available, the Group has more than 10 years of experience in investing in the securities of a number of listed companies, which is the capital gain on trading to earn the value of the securities. In addition, the Group may use its cash on hand in other types of investments aimed at increasing the value of its shareholders. However, this must be done in strict accordance with the guidelines on investment transactions, details of which have been published on the Company's website at www.perfectech.com.hk.
Market： Hong Kong motherboard
Listing Date： 10/23/1992