When will the shares of Artini China IPO be listed on stock exchanges?
The shares of Artini China IPO will be listed on Hong Kong stock exchange on May 16th, 2008. What is the business of Artini? As per the news on Forbes, Artini’s products include fashion jewelry such as necklaces, bracelets, earrings and rings and accessories items such as watches, belts and hair accessories. It operates a retail distribution network to sell fashion accessories under the Artini and Q’ggle brands in China, Hong Kong and Macau. The company opened its first retail store in Hong Kong in 2003, and commenced China retail operations in 2006. As of end-March this year, it owned 33 retail stores and 97 concessions in China, Hong Kong and Macau. Where will the capital raised from Artini China IPO be used? The company said it will use the IPO proceeds to expand its China retail network by opening 118 new retail points in China’s first- and second-tier cities in 2009. It will expand production capacity of its existing plant by 50 pct and also buy a new production facility by the en
