CHINA: Camkids to raise GBP5.75m through London listing
Chinese children's outdoor wear company Camkids is looking to raise around GBP5.75m (US$9.25m) as it joins the Alternative Investment Market (AIM) on the London Stock Exchange.
In a filing to the AIM, Camkids said it expects the move will value the company at GBP65.5m.
The Camkids brand was established in 2008 to take advantage of the high levels of growth within the growing Chinese domestic market.
Today its apparel, footwear and equipment products are mainly sold in Camkids concessions operated by its distribtor network. Its 15 distributors operate more than 1,000 retail stores.
Italian footwear business Geox has seen its first-quarter profit more than halve after tough economic conditions in Europe dampened demand for its products....
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