Advertisement

Pou Sheng, Central China oversubscribed

Reading Time:1 minute
Why you can trust SCMP
0

Pou Sheng International (Holdings) and Central China Real Estate, which open their retail subscriptions today, have seen their institutional portions oversubscribed despite the volatile market, sources say.

Pou Sheng, which seeks up to HK$3.09 billion by selling 823 million shares at HK$2.93 to HK$3.75 each, plans to add 1,650 sportswear retail outlets this year, retail business general manager Ringo Lu Ning said yesterday.

At the end of last year, Pou Sheng and its joint-venture partners directly operated 3,341 sportswear retail outlets in Greater China, or 9,188 operations including franchise shops and outlets.

Meanwhile, mainland property developer Central China said it would offer 500 million new shares at HK$2.75 to HK$3.80 each to raise up to HK$1.9 billion.

Advertisement
Advertisement
Select Voice
Choose your listening speed
Get through articles 2-3x faster
1.1x
220 WPM
Slow
Normal
Fast
1.1x