Women's shoe maker debuts in Hong Kong

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    clpstaff &clp articles

    Hongguo International Holdings (Hongguo), a PRC-based women's footwear retailer, has listed on the main board of the Hong Kong Stock Exchange and made…

    Hongguo International Holdings (Hongguo), a PRC-based women's footwear retailer, has listed on the main board of the Hong Kong Stock Exchange and made a Rule 144A/Regulation S global offering. The offering raised HK$1.15 billion (US$148 million).

    The issuer plans to use the proceeds of the initial public offering to expand its retail network, online sales and production facilities, open new retail outlets, construct offices, acquire other businesses and repay existing debts. The joint global coordinators of the transaction were Citigroup Global Markets Asia and DBS Asia Capital.

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