Libya men to be listed next month in Hong Kong has raised about 100 million US dollars

It seems that the style of men's brand landing capital market has been scraping. Following the mainland's first men's brand - Lilang successful listing in Hong Kong, yesterday there was news that Li & Fung's Libon men also plan to be listed on the Hong Kong Main Board early next month. According to an undisclosed sales document, the retailer Trinity (Trinity), a men's retailer under the Li Feng Group run by the Hong Kong Feng Jinggu family, plans to publicly issue shares in Hong Kong and intend to issue about 451.9 million shares , A total of about 100 million US dollars raised funds. According to the introduction of sales documents, Libang plans to conduct an official road show on October 19, October 21 to 27 for public sale, November 3 listed on the Hong Kong Main Board. According to reports, Libang ready to issue shares, two thirds of the new shares, one third for the old shares, 90% of the shares subscribed for international investors, the remaining 10% for Hong Kong, China retail investors. The company raised $ 100 million in proceeds to fund the expansion and acquisition of brands, 30% to repay existing loans, 20% to expand the company's retail network and the remaining 10% for general-purpose operations.

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