The Clothing Market Is Colder, And Jiangnan Buyi Has Just Been Listed.

In the period of sluggish fashion retailing and domestic economic slowdown, we operate in China.

The brand JNBY of Jiangnan Buyi listed in Hong Kong is not popular with investors, and the issue price is close to the lower and lower limit, which is only slightly oversubscribed.

The results of the announced allotment showed that the stock received 792 valid applications in Hong Kong and subscribed 16 million 450 thousand shares altogether, that is, the shares were slightly oversubscribed in Hong Kong by 32%, and the rate of signing was 100%.

The stock is priced at 6.4 yuan in the lower limit of close to the price of the stock, and the original offering range is 6.08-7.73 yuan per share.

It is worth noting that domestic consumers' demand for clothing and other daily categories has weakened.

According to the retail sales data of consumer goods released by the National Bureau of statistics in September 2016, China's clothing market increased by only 6.7% in September, which is the worst performing category.

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 engaged in the operation of women's clothing brand JNBY in China. The total number of shares sold on the Hong Kong stock market is 125 million shares, of which the basic investors subscribed for 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, which was mainly used to build the logistics center, expand the brand and product mix, and expand the distribution network.