Home / Knowledge / News / 825 new cos incorporated in the second quarter
825 new cos incorporated in the second quarter
11
Aug '08
Information from the Statistics and Census Service indicated that a total of 825 new companies were incorporated in the second quarter of 2008, down by 15.8% year-on-year; with the total registered capital rising slightly by 0.2% to MOP99 million.

The majority of these new companies were operating in Wholesale and Retail (256), accounting for 31.0%, 19.4% and 17.8% respectively of the total. The registered capital of the new incorporations in Wholesale and Retail took up 17.3% of the total, at MOP17 million.

Meanwhile, number of dissolution of companies totalled 101, involving MOP20 million in registered capital. Among the companies in dissolution, 25 were operating in Wholesale and Retail and 24 in Business Services.

In the second quarter of 2008, 598 new companies (72.5% of the total) were incorporated with the registered capital of MOP50,000 or less, whereas the respective capital (MOP17 million) made up merely 17.2% of the total registered capital.

Meanwhile, there were 13 new companies incorporated with the registered capital of MOP1,000,000 or more, with the total registered capital amounting to MOP42 million (42.0% of the total). In addition, 87.2% of the new incorporations were limited companies.

The majority of the capital of the new companies came from Macao (MOP50 million), Hong Kong (MOP16 million) and Mainland China (MOP16 million). Moreover, Guangdong Province (MOP4 million) topped the list of the capital coming from the Pan-Pearl River Delta provinces.

Analysed by the place of residence of the shareholders, 421 new companies incorporated were established solely by Macao shareholders and 131 were solely by shareholders from Hong Kong.

There were 57 new companies incorporated jointly by shareholders from Macao and Hong Kong and 46 were joint ventures between Macao and Mainland China. Meanwhile, there were 31 new companies incorporated jointly by shareholders from countries/regions other than Macao.

Macau - Statistics and Census Service


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search