Shenzhou block fetches $413m for vendors

clothes 230-150x
By Jonathan Breen
20 Sep 2019

A pair of shareholders in Chinese clothing manufacturer Shenzhou International has pocketed HK$3.23bn ($412.7m) from selling a chunk of the company’s stock.

Vendors Keep Glory and Fairco Group grabbed the opportunity to offload a portion of their stake, putting 29.35m secondary shares in Shenzhou on the table on Thursday evening, according to a term sheet seen by GlobalCapital Asia.

While the base offer was equal to around 2% of Shenzhou’s ...

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