IPO candidate Pacific Textiles pushes growth story
The company's focus on complex fabrics keeps margins high and gives it an edge over Hong Kong-listed peers.
Pacific Textiles Holdings has kicked off the official roadshow for a Hong Kong initial public offering that aims to raise up to HK$1.97 billion $250 million. The Chinese fabrics manufacturer will be trying to persuade investors with its growth story, arguing promising prospects for ChinaÆs cotton knit manufacturing industry following the expiration of trade quotas in 2005.
The company is offering 25% of its enlarged share capital, or 358 million new shares, at a price between HK$4.15...
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