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Metersbonwe (SZSE: 002269) going IPO

Metersbonwe (SZSE: 002269) going IPO

Write: Hemal [2011-05-20]
Metersbonwe (SZSE: 002269) listed at the Small and Medium-Sized Enterprise Board of the Shenzhen Stock Exchange on Aug.28th,2008.
Metersbonwe (SZSE: 002269) issued 70 million shares through public offering to raise CNY1.38 billion. The issuing price is CNY19.76 per share and the total equity is 670 million.
Established in 1995, Metersbonwe (SZSE: 002269) specializes in brand building and promotion, product design and development, marketing network construction and management of supplying chain, and sales of casual-style costumes of the brand of Metersbonwe through a combined operation mode of production outsourcing, marketing, and authorized membership. The company is currently a renowned domestic brand in terms of brand popularity and sales volume. The company achieved business income of CNY 3.15 billion and net profit of CNY 360 million in 2007.