Shirble Department Store Holdings, which delayed a $130 million Hong Kong listing plan in early July, is returning to the market with hopes of raising more capital than its maximum target four months ago. The Shenzhen-based department store operator will kick off the institutional bookbuilding today.
The company is now looking to tap the market for between HK$1.16 billion and HK$1.59 billion $149 million to $205 million, which compares with the $102 million to $130 million that it attempted to raise last time around.
It’s hardly a surprise that Shirble has decided to return to the Hong Kong equity market at this time. The recent stockmarket rally, which has...
¬ Haymarket Media Limited. All rights reserved.
