Xingquan is another China sports shoe maker to seek a share listing, not in China, Hong Kong or Singapore, but in Malaysia.
China has many domestic shoe maker, which operate at different city tier. The competition is intense, even in the second or third tier city. To complete efficiently, many have gone the road of China Hongxing, that is to raise capital from the stock market.
The big shoe maker like Anta would go Hong Kong to list. The medium to smaller one came to Singapore. Xingquan took a different road to list in Malaysia, maybe to get more attention. Because it is among the very few China companies listed on the bourse.
Monday, 8 June 2009
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