Biz Scene: Grapevine
China Daily | Updated: 2007-09-21 07:00
HK share sales
Chinese clothing retailers Bosideng International and China Dongxiang (Group) Co will raise as much as $1.54 billion in Hong Kong share sales.
Bosideng, which owns China's top-selling down-clothing brand, may raise as much as HK$6.53 billion, while Dongxiang, owner of the Chinese rights to the Kappa sportswear brand, is targeting as much as HK$5.47 billion, Bloomberg reported, citing sources.
Listing plan
Zhanjiang Port Group Co plans to sell shares in China as early as 2009, the South China Morning Post reported, without saying how it got the information.
The port operator will use capital markets to finance its 4 billion yuan ($533 million) expansion plans, the report said.
(China Daily 09/21/2007 page15)
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