Chairman and management sell $102 million of stock in Shenzhou International

Investors show strong interest in the Chinese knitwear manufacturer and the deal is upsized by 20%.

Chairman and management sell $102 million of stock in Shenzhou International
Shenzhou International makes knitwear for Uniqlo, Adidas and Nike

Two companies owned by the chairman and senior management of Hong Kong-listed Shenzhou International Group last night took some money off the table by selling HK$793 million $102 million worth of shares in the company, which manufactures fabrics and knitwear for brands like Uniqlo, Adidas and Nike.

While small, the sell-down attracted strong interest among long-only investors and was upsized by 20%. Despite that, the price was also fixed at the mid-point of the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES