Artini, the Chinese fashion accessories supplier, is expected to get listed in Hong Kong on May 16, 2008. The company announced that it will issue 280 million shares and raise HK$622 million.
By March 31, 2008, Artini owned and managed 18 Artini retail stores, 60 Artini counters, 10 Q'ggle retail stores, 33 Q'ggle counters and 8 authorized retail sales points in 34 Chinese cities, including Hong Kong and Macau. Most of its sales points are located in major department stores, hotels and shopping centers such as the Mixc, King Glory, Citic City Plaza, Oriental Plaza, Ginza Mall, Super Brand Mall and Grand Gateway.
According to the high level of the company, Artini plans to increase the number of its Artini retail store to 32, Artini counters to 86, Q'ggle retail stores to 27 and Q'ggle counters to 94 before the end of March 2009. At the same time, the company will increase its market share in first-tier cities, including Shenzhen, Shanghai, Beijing, Chongqing, Chengdu and Guangzhou. In these cities, Artini will open more stores and counters in five-star hotels, international airports and major shopping places and more retail stores with over 150-square-meter area will be open in first and second tier cities.
The prospectus of Artini says that 40% of the financing income will be used to open 118 new retail points in mainland China in the coming three years; about 20% will be used to purchase equipments and production lines to enlarge the production capacity by 50%; and the rest will be used in promotion, operation and system updating.