FMS

The Fargo Group was established in 1980 in Hong Kong. It has evolved over the years into a diversified group of companies in the supply chain management, industrial agencies, manufacturing and distribution sectors. Fargo initially started its operations as a traditional Hong Kong trading house with its primary activities focused on the export of Chinese manufactured goods to Europe. Although no longer a primary activity, except for Fargo Textile, our trading activities have been maintained. Our current activities are focused on a high value added component through each subsidiary companies' specific expertise which has been developed and refined through our history. The significant industrial growth of China in the late eighties spurred Fargo into investing in the establishment of sales and distribution channels as well as after sales capabilities throughout China under the banner of Fargo Marketing Services. This company, which is operationally based in Shanghai through two wholly Foreign Owned Enterprises (one of which has a manufacturing and assembling license) is tasked with meeting the growing demand for western equipment and technology. In December 2009, through a friendly bank assisted Management Buy-Out, the management of Fargo Marketing Services Ltd acquired control of the company, the original shareholders and directors remaining for a further period of 5 years. Additional investment through the early nineties saw Fargo establishing a distribution network in the Telecom sectors in China, India and Vietnam for wireless communication solutions (as a distributor of Sierra GSM modules, Coronis RF modules, eRide GPS modules and other leading vendors). Over the past 10 years, Fargo Telecom Group established several subsidiaries with specialized expertise: Maestro Wireless Solutions Ltd (modems and hard and soft solutions for vertical wireless applications), Smart Gears Ltd (technical and R & D services for the wireless sector) and in end 2009: Greenware Ltd (wireless management tools for remote assets in the sustainable development sector). In 2009, Maestro added a US West Coast office to its network of 8 offices in Asia. The 50 odd distributors spread across the 5 continents. In the late nineties, further investments were made with a specific focus on the distribution and retailing of luxury goods in China. This was in anticipation of the growth in demand for high end products for the Chinese elite. Three segments were targeted: children wear with leading French brand: Jacadi, ladies lingerie with multibrand Inn¨¦e stores importing leading brands from France and high end furniture with French leader Ligne Roset. In 2007 and 2008, the Group sold its chains of Jacadi and Inn¨¦e stores to concentrate on the booming Interior Design and Furnishing sector. Today Fargo Development Ltd operates over 30 exclusive outlets in Greater China under either Ligne Roset brand or its own upper middle market HC28 range of French designed furniture manufactured in Fargo Industrial¡¯s own factory in Beijing. In 2009, Fargo¡¯s subsidiary: Far East Lockers Ltd designed the Graphitronic range of high tech electronic operated mail boxes to add to its range of electronic luggage lockers installations which it operates at Hong Kong Airport and in various transportation hubs in Hong Kong, Macau and Taiwan. The majority shareholders drive the Group through the Hong Kong Head Office and subsidiary offices in China, India and Vietnam. The Group employs in excess of 300 people across four countries.