China's Mulsanne Group makes tepid HK debut; slips over 6% below listing price

Mulsanne Holding

27/05/2019 05:20

** Shares of China fashion menswear firm and retail platform
operator Mulsanne Group Holding Ltd  1817.HK  slip 6.6% below
their listing price to HK$4.10 apiece on Hong Kong stock market
debut
    ** Zhejiang-based firm issued http://www3.hkexnews.hk/listedco/listconews/SEHK/2019/0524/01817_3759922/E102.PDF
 200 million shares at HK$4.39 each in Hong Kong IPO, raising
HK$805.7 mln ($102.7 mln) net proceed to repay debt, to expand
product portfolio and to upgrade offline retail stores
    ** Co owns brands such as GXG, Yatlas and 2XU and runs 720
self-owned stores, 532 partnership stores and 998 distributor
stores in China  urn:newsml:reuters.com:*:nL4N22Q2L2 
    ** The Hong Kong Hang Seng sub-index tracking consumer goods
companies  .HSCICG  eases 0.5%
    ** The Hang Seng China enterprises index  .HSCE  falls 0.9%,
and the benchmark index  .HSI  slides 0.6%


($1 = 7.8485 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)