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New World Department Store to Be Listed in Hong Kong in July

Filed in archive IPOs on June 16, 2007

Retail sales are up 15% in China overlast year.
With retail sales up 15% in China over last year, New world Department Stores has decided that it is a good time for an IPO.

New World Department Store China Ltd. is affiliated with New World Development Co. (NWD). The company hopes to raise about $300 million US to help expand the department store chain. New World Department Store is already in 15 major Chinese cities.

Institutional investors will get a road show look at the offering on June 25. A final price is expected for the stock offering on July 5 and the company will be listed in Hong Kong on July 12 if all goes as planned.

The IPO is being handled by HSBC Holdings PLC and Deutsche Bank AG.

Permalink: New World Department Store to Be Listed in Hong Kong in July

Tags: Hong  Kong  New  World  Department  Store  IPO  china  hong+kong 

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