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HOSA International Starts IPO&Nbsp In Hong Kong, Plans To Raise HK $570 Million

2011/12/9 11:38:00 13

HOSA International Starts HK $HK Fund-Raising

China swimsuit manufacturer HOSA International Limited December 6th

Release

Prospectus, the company intends to issue 400 million shares at the HKEx IPO, and expects net proceeds of HK $570 million.


According to the plan, HOSA international intends to offer 40 million shares in Hongkong and 360 million shares in the international placing, with the issue price of HK $1.6, which is expected to be traded in December 16th.


HOSA International said it plans to raise funds for the end of 2015.

Expand

Distribution network and retail terminal, marketing and publicity, as well as expansion of capacity and research and design.


As a basic investor, Xu Lianjie, vice-chairman and chief executive officer of Heng An Group, passed his family trust fund SDFamilyFundL.P.

The shares will be subscribed for $10 million.


In 2010, HOSA international is China's largest indoor sportswear brand. Its products include swimsuits, fitness yoga, sports underwear and other products. As of October 31st this year, the company has two distributors of first tier distributors, including 1149 retail terminals and online sales platform.

In the first half of this year, profits from continuing operations amounted to 125 million yuan.

Year-on-year

An increase of 277.6%.

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