JNBY Jiangnan Buyi Became China'S First Listed Designer Brand.

October 31st, China

Group Jiangnan cloth clothing listed in Hongkong, become China's first listed designer brand.

Earlier, 6.65 yuan in the dark market was 3.9% higher than the market price. Now the stock is listed at 6.55 yuan, which is 2.3% higher than the listing price 6.4 yuan, and 990 thousand shares traded before the city.

Jiangnan cloth is mainly operated in China.

Brand JNBY, a total of 125 million shares were sold on the Hong Kong stock market. The number of subscriptions for basic investors was about 18 million 180 thousand shares. The public offering was only slightly overbought, and the shares were priced below the range of 6.08-7.73 (6.08-7.73 yuan). The estimated net capital contribution was about $592 million, mainly for the construction of logistics centers, expansion of brand and product mix, and expansion of distribution networks.

Listed sponsor is building silver international.

Wu Jian, the group's founder, chairman and chief executive, said that the group was satisfied with the price of the offer.

Brand promotion, group sales in 2015 and 2016 increased by 7.1% and 8.3%. Designer products are popular in the mainland consumer market. The group has a good cash flow condition and is confident that it can maintain a high dividend policy.

Another group takes consumer experience as the first priority, so the online and offline sales channels are equally important.