Regina Miracle 2199 IPO

Regina Miracle 2199 IPO

Postby winston » Thu Sep 24, 2015 7:03 am

not vested

Regina Miracle International attracted HK$156 million from two cornerstone investors, including Victoria Secret's parent firm.

Its international tranche was fully subscribed.

The bra maker will price shares at between HK$5.38 and HK$6.38 each, or an entry fee of HK$6,444.29 for a 1,000-share board lot.

The company plans to build four plants in Vietnam in two years, with capital expenditures of HK$660 million and HK$862 million for 2016 and 2017, said chairman Hung Yau-lit.

He said a sports bra and functional sports products have supported growth in recent years.

Source: The Standard HK
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Re: Regina Miracle IPO

Postby winston » Thu Sep 24, 2015 9:01 am

not vested

<IPO News>Regina Miracle International: Setting Plants in Vietnam Is More Competitive Than China

Regina Miracle International(02199.HK)'s chairman mentioned on the press conference that approximately $700 million from the proceeds will be used for the establishment of three plants in Hai Phong, Vietnam.

The proposal has been studied for around two years and setting plants in Vietnam is considered to be more competitive in terms of costs as compared with China.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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