Fashion retailer Giordano International Ltd on Thursday revealed plans to invest around $3 million over the next few years in the setting up of 50-100 new stores in mainland China.

The Hong Kong-based company currently operates 461 stores in China which generate around 10 per cent of its profit, but it wants to boost that amount to 30 per cent by 2007.

Giordano International's executive director, Bernard Mah, said: "We will try to open more large-scale mega-stores in major mainland cities."