Hongkong's Two New Shares Will Introduce CABBEEN's Men's Brand Name To Shareholders.

On October 15th, according to the Hongkong economic daily, new shares were issued in succession. Suzhou pawn business, China Hui Rong and mainland leisure men's wear brand CABBEEN are going to open a public offering tomorrow (Wednesday). The total fund raising is about 1 billion 300 million yuan (HK $, the same below), of which CABBEEN has implemented a basic investor.

　　 Cabbeen Large base subscribe for 26% shares

Market information indicates that CABBEEN plans to raise about $70 million (about HK $546 million), and has subscribed to a basic investor for about $18 million (about HK $140 million), accounting for about 26% of its fund-raising. CABBEEN will open the stock market on 16 th (Wednesday) to 21, and will be listed on the 28 day, which will be underwritten by Bank of America, Merrill Lynch.

According to the online preview information of HKEx (00388), CABBEEN's sales network in the mainland was mainly operated by distributors. At the end of June this year, it had 913 distribution outlets. At the same time, the company had opened 2 self operated stores. It was expected that the total number of self operated shops would not exceed 30 by the end of 2014.

CABBEEN's main brands include Cabbeen Lifestyle and Cabbeen Urban two brands, the former high-end subsidiary brand Cabbeen Chic, the clothing retail price is 1199 yuan to 4299 yuan.

　　 China Fusion International placement

In the first half of this year, the two brands contributed 95% and 5% to earnings. Excluding government subsidies and related income tax, net profits fell by 7.7% to 55 million 200 thousand yuan in the period, and the gross profit margin was 43%.

According to other sources, China will also start offering shares on the 16 day, raising about 100 million US dollars (about HK $780 million), which is underwritten by UBS. Close to the transaction means that because of its market share rate of about 1.2 times, and is not subject to the supervision of China Banking Regulatory Commission, the international placement is held, the pre road show has been overbought.

　 IGG listing postponed one day to Friday Listing

Originally planned on Thursday (17), the mobile phone game operator IGG (I Got Games, new listing number: 08002) was originally announced. The news indicates that the company has postponed the listing date for one day to Friday (18), while the IGG distribution was 10 times oversubscribed, but the reserved water level to the investor was not priced at 2.91 yuan per cap.

According to Bloomberg news, Vagit Alekperov, chairman of Lukoil, Russia's second largest oil company, said it is studying the listing in Hong Kong, which will be an important step in developing the Asian market. Luke,