HONG KONG: Kam Hing Aims For HK$200 Public Offering
Knitted fabric manufacturer Kam Hing International is planning to raise approximately HK$200 through a public offering, with the aim of expanding into the mainland's growing textile market.
The company is said to be selling 160 new shares, (25 per cent of its stock), for in the region of $1.13-$1.61 apiece.
Kam Hing will put half of the profits from the offering towards the construction of a new factory complex, the acquisition of cylinder knitting machines, dyeing tanks, and new dyeing facilities.
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