Menswear firm China Fordoo targets HK listing

The Chinese menswear firm began taking institutional orders this week. It is the third mainland clothing company seeking to tap public markets in the past month.
Kwok Kin Sun, CEO
Kwok Kin Sun, CEO

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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