Article: IDG GETS 2.77% STAKE IN BOSIDENG


AsiaInfo Services
09-21-2009
IDG Gets 2.77% Stake in Bosideng

SHENZHEN, Sep 21, 2009 (SinoCast Daily Business Beat via COMTEX) -- Bosideng International Holdings Ltd. (SEHK: 03998) says that IDG-Accel China Capital L.P. and IDG-Accel China Capital Investors L.P. last week purchased 215 million Bosideng shares from a subsidiary under HSBC, one of its principal shareholders, accounting for 2.77% of its capital stock issued.

With IDG becoming a new investor of Bosideng, the HSBC subsidiary remains the second largest shareholder though its holdings in the company has decreased to 5.16% from 7.93%.

Moreover, IDG is looking to buy a 10% stake in Rocawear, a company that is 78% owned by Bosideng, ...

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