Apparel label maker to raise HK$145m

Business | 28 Feb 2020 5:35 pm

Apparel labels and trim products manufacturer Cirtek Holdings,  launched an initial public offering today to raise up to HK$145 million.

The offer price range is between HK$0.25 to HK$0.29 per share. It will issue 500 million shares. The minimum investment is HK$2,929.22.

The group operates factories in mainland China, Vietnam and Bangladesh. Eighty percent of the productivity comes from China and the group management said the virus has no effect on new orders. Factories in Vietnam and Bangladesh can share production.

Subscriptions close on March 4 and the stock is expected to list on March 12. Elstone Capital Limited is the sole sponsor.

 

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