|
|
Article: BOSIDENG MARCHES INTO MEN'S GARMENT SECTOR
- Article from:
- AsiaInfo Services
- Article date:
- June 1, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AsiaInfo Services
06-01-2009
Bosideng Marches into Men's Garment Sector
JIANGSU, Jun 01, 2009 (SinoCast Daily Business Beat via COMTEX) -- Chinese down apparel giant Bosideng International Holdings Limited (SEHK: 3998) recently announced the acquisition of a company that holds a 100% stake in Jiangsu Kangbo Garment Co., Ltd., with CNY 650 million at most, which is the largest acquisition after the buyer's listing on the Stock Exchange of Hong Kong.
Bosideng says that the acquisition is able to help itself expand presence in the Chinese men's garment sector and improve its profitability by virtue of introducing non-seasonable garment, amid the depressed garment market at home and abroad and ...