PRC menswear maker debuts in Hong Kong
December 14, 2011 | BY
clpstaff &clp articlesChina Outfitters Holdings has raised HK$1.13 billion (US$145 million) from its initial public offering (IPO) on the Hong Kong Stock Exchange and Rule 144A/Regulation…
China Outfitters Holdings has raised HK$1.13 billion (US$145 million) from its initial public offering (IPO) on the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering.
The issuer, a PRC-based menswear apparel company, plans to use the IPO proceeds for the licensing or acquisition of other international brands, logistics system enhancement, joint venture establishment and expansion, among other things.
Advising China Outfitters Holdings was a Hong Kong Herbert Smith team led by partners Tommy Tong, Jason Sung, Kevin Roy and Melody Chen. The issuer's PRC counsel and offshore counsel were Commerce & Finance Law Offices and Walkers, respectively. The underwriters were advised by Hogan Lovells as to Hong Kong and US law aspects, and their Chinese counsel was Jingtian & Gongcheng.
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