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Retailer Bai Jia Hua eyes HK IPO
click rate:1855 issue time:2007-03-10 08:12
Jan. 9, 2007 (China Knowledge) – Shenzhen Bai Jia Hua Holdings, a department store operator in Shenzhen, plans to raise HK$300 million to HK$400 million from an IPO in Hong Kong.


Capital raised from the IPO will be used to expand the Mainland’s growing retail sector over the next five years as China’s economy continues its rapid growth.


A source told the South China Morning Post Monday that the IPO would likely take place in the first quarter between late February and early March, pending regulatory approvals.


Hong Kong-based brokerage Taifook Capital is the sole arranger of Bai Jiahua’s IPO.


Bai Jia Hua, founded in 1996, has more than 110,000 sq m of operating area with its eight department stores targeting mid to high-end markets in the wealthy Guangdong province.