Sitoy execs sell shares to boost liquidity

The luxury bag manufacturer, which boasts high-end retail clients such as Prada, held a secondary share offering that met with strong institutional investor demand.
Sitoy Group makes bags and other leather goods for Prada
Sitoy Group makes bags and other leather goods for Prada
March 06, 2014

Sitoy Group Holding’s top executives sold 80 million shares in the Hong Kong-based luxury bag maker on Thursday to help boost the stock's liquidity, raising some $52 million in the process.

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