Hong Kong-based Tredia Fashion Co is to set up a subsidiary in China to deal in the export, import and sales of textile raw materials and textile products.

The new unit will start operation in January 2006 under the name of Tredia China Co, and will employ 100 people.

The company will have a registered capital of HK$3.0 million, and will be wholly-owned by Tredia Fashion, which is a textile sales unit of Japanese trading house Mitsubishi Corp.

Tredia Fashion already has offices in the Chinese cities of Shanghai, Qingdao and Dalian, and in Ho-Chi-Ming in Vietnam, as well as an 80 per cent held unit, Tredia Europe, in London.