China's largest maker of down garments, Jiangsu Bosideng, has announced plans for an initial public offering in Hong Kong to raise funds for a major expansion drive.

The company, famous for its large puffy down jackets, says it hopes to raise between HK$800 million and HK$1 billion by listing on the main board later this year.

The funds will be used for a broad-based expansion of its operations, including opening new stores at home and abroad, new production facilities and its entry into the suit and casualwear markets.

Bosideng, which has made clothing for famous names such as Nike, Boss, Polo, Gap and Champion, also intends to start selling its down jackets overseas under its own brand.

In 2001, Bosideng sold more than 10 million down jackets and saw its sales surge 50 per cent year-on-year to almost HK$3bn.