PE-backed China Outfitters postpones Hong Kong offering
China Outfitters Holdings, the menswear producer and retailer backed by private equity firm Orchid Asia Group, has postponed plans to raise up to $299 million through a Hong Kong IPO. The company said market conditions were currently too volatile.
China Outfitters was scheduled to price its offering on Friday, having already begin to sell 931.8 million shares a indicative price range of HK$1.90-2.50. According to its IPO prospectus, the company...
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