Laopu Gold is going overseas with a Singapore store.

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The “hermès of gold”, one of the “three sisters of hkex”, laopu gold, has been closely watched by consumers and investors alike.

After a 2.7 billion hkd (346.55 million usd) and its tumble on the stock market earlier according to reports, the next step of laopu is in singapore.

The brand's first store outside china has been anticipated and speculated for a long time.

Laopu will be located in the high-end shopping area of singapore's landmark hotel.

Laopu plans to open a store in tokyo, japan and have at least 4 shops in southeast asia by 2026. morgan stanley remains neutral as it is still monitoring the results.

Laopu seems to be the best path forward for other chinese companies, as they face stiff competition at home.

The quote is "guochao".