The company is Artini China Company Limited.
What is the price band of Artini China IPO?
The price band of Artini China IPO is 2.22 to 3.43 HKD or Hong Kong Dollars.
What is the size of the Artini China IPO?
A total of 280 millions shares will be offered for sale through the Artini China IPO.
How much capital will be raised through the Artini China IPO?
As per the price range, the Artini China IPO is expected to raise around 960 million HKD.
What are the IPO subscription dates for Artini China IPO?
The IPO will open fro subscription on May 2nd, 2008.
When will the shares of Artini China IPO be listed on stock exchanges?
The shares of Artini China IPO will be listed on Hong Kong stock exchange on May 16th, 2008.
What is the business of Artini?
As per the news on Forbes, Artini's products include fashion jewelry such as necklaces, bracelets, earrings and rings and accessories items such as watches, belts and hair accessories.
It operates a retail distribution network to sell fashion accessories under the Artini and Q'ggle brands in China, Hong Kong and Macau.
The company opened its first retail store in Hong Kong in 2003, and commenced China retail operations in 2006.
As of end-March this year, it owned 33 retail stores and 97 concessions in China, Hong Kong and Macau.
Where will the capital raised from Artini China IPO be used?
The company said it will use the IPO proceeds to expand its China retail network by opening 118 new retail points in China's first- and second-tier cities in 2009. It will expand production capacity of its existing plant by 50 pct and also buy a new production facility by the end of 2010. The IPO money will also be used marketing and promotion of the Artini and Q'ggle brands.
What are the business valuations and financial result & expectations from Artini China IPO?
The company propose dividend payout ratio of 25 pct. It forecast a net profit of at least 110 mln hkd for 2008, up 50 pct from last year.
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