Global Sources acquires SZIC (China)

HONG KONG, March 1, 2012 – Global Sources Ltd. (NASDAQ: GSOL) has entered into an agreement to acquire an 80 percent interest in the China (Shenzhen) International Brand Clothing & Accessories Fair (SZIC), one of the largest fashion shows in Asia, for a consideration of up to approximately US$17.3 million.

SZIC is held annually in Shenzhen, one of the major cities in garment designing and manufacturing in China. Started in 2001, the show has continually grown and developed each year. The 2011 event hosted about 300 exhibitors, 4,000 booths, and 31,000 professional visitors. The 2012 show is scheduled to be held from July 8 to 10. >> source Global Sources website <<