Casual menswear company China Fordoo Holdings is the latest Chinese company seeking to float its shares in Hong Kong.
China Fordoo aims to price 120 million shares, all primary, at between HK$3.35 and HK$4.40 per unit and to raise up to $68 million in the process. The shares on offer represent 20% of the company's enlarged share capital, according to a term sheet seen by FinanceAsia.
Barclays is the deal's sole sponsor and global coordinator and is also handling joint bookrunning responsibilities with CCB International. DBS is a lead manager.
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