YGM (HKG:0375) clarified it completed the acquisition of all rights in the intellectual property including registered and unregistered trademarks and logos of "Aquascutum" in 42 territories in Asia from Aquascutum Limited on 8 September 2009.

The company refers to recent press articles relating to the possible insolvency of Aquascutum Limited which currently owns all rights, title, and interest in the intellectual property rights of "Aquascutum" worldwide except the Asian Territories and operates the business in relation to the Aquascutum brand in Europe.

The company clarified that Aquascutum Limited is not in any way related to the Group and the possible insolvency of which will not impact on the existing business in relation to the Aquascutum brand of the group. In addition, the possible insolvency of Aquascutum Limited may present an opportunity for the company to further expand its ownership on the Aquascutum brand worldwide. The group is currently in its initial stage of discussion in relation to the possible acquisition of the rights relating to the Aquascutum brand outside the Asian Territories.

Source:chinesestock.org