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Article: SNOW-LOTUS BREWING GOING PUBLIC
- Article from:
- AsiaInfo Services
- Article date:
- November 6, 2007
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
11-06-2007
Snow-Lotus Brewing Going Public
BEIJING, Nov 06, 2007 (SinoCast via COMTEX) -- Beijing Snow-Lotus Woolen Dress Group Co., Ltd., under the control of COFCO Limited, plans to go public soon.
As China's No.1 like company to manufacture cashmere products, it is joining the frenzy of acquisition, share purchase, and listing in the textile industry.
China is the largest importer and exporter of cashmere products. Its output contributes over 75% to the world's total figure. Moreover, its products are high in fineness and whiteness.
However, there are few Chinese brands in the global market, which only accounts for less than 20% of the ...
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