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KDDL Limited's wholly-owned subsidiary, Mahen Distribution Limited, has acquired 874,000 partly paid equity shares of Silvercity Brands AG, a Swiss watch company, for cash. This acquisition enhances KDDL's control over Silvercity, in which it already holds a 93.07% stake. The strategic intent behind the acquisition is to invest in and create luxury watch brands, potentially leveraging synergies within the luxury products sector. As Silvercity is newly established with no reported turnover yet, this move may position KDDL for future growth in the premium market.