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Article: FUJIAN SHOEMAKERS EXPECT OVERSEAS LISTING

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AsiaInfo Services
Article date:
June 25, 2009
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AsiaInfo Services
06-25-2009
Fujian Shoemakers Expect Overseas Listing

FUJIAN, Jun 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- Up to 15 shoemakers, including such sportswear makers as 361?? (China) Co., Ltd. and Peak Sport Products Co., Ltd., in the southeast Chinese province Fujian, are expecting to go public in overseas stock market.

On Monday, 361?? (China) sold 500 million Hong Kong dollar-denominated new shares and the company is to debut on the Stock Exchange of Hong Kong on June 30. Also, another Fujian-based sportswear Peak intends to launch an initial public offering circa the third quarter of this year. The two are to totally raise USD 400 million from the Hong Kong ...

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