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Article: Bosideng (HKG:3998) Acquires PRC's Leading Ladies' Wear "Charming Point" To Further Expand Brand Portfolio and Enrich Product Mix
- Article from:
- abnnewswire.net
- Article date:
- October 14, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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China's largest down apparel company, Bosideng International Holdings Limited ("Bosideng" or the "Company"; HKG:3998 PINK:BSDGF, together with its subsidiaries the "Group") announces further brand portfolio expansion to enrich its product mix. The Group's wholly-owned subsidiary Shanghai Bosideng Fashion Design Development Centre Co., Ltd. entered into an agreement with a famous ladies' wear brand in the PRC "Charming Point" on 29 September 2009.
Pursuant to the agreement, Bosideng will acquire 80% of the equity interests of Shanghai BoZi Enterprise Co., Ltd. at a maximum consideration of not exceeding RMB88,000,000. Upon completion of the transaction, Shanghai BoZi Enterprise Co., Ltd. ...