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January 25, 2002

HONG KONG: Bossini International Plans China Expansion

Leading Hong-Kong-based casual clothes retailer Bossini International Holdings Ltd said on Friday it plans to expand in China with cash raised through a HK$62 million (US$7.9m) rights issue. The firm said in a statement that HK$50m will be used to fund the expansion of its retail and authorised dealer clothing business in China, with the remaining monies used as general working capital.

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