Shenzhou International Placement - Conditioned for Selldowns

Shenzhou (2313 HK): Contract Mfr for Leading Sportswear Brands Facing Challenging Demand Outlook.

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Shenzhou Intl Group Holdings / Equity Capital Markets

<p>Founder of <a href="https://www.smartkarma.com/entities/10415" target="_blank" data-smartkarma-citation="entities:10415:1">Shenzhou Intl Group Holdings Ltd (2313 HK)</a>, Ma Jianrong is selling 55m shares worth approximately, US$411m. Post this share sale, Ma Jianrong will hold about 46.5% of the company.</p><p>The deal scores marginally positive on our framework owing to its strong earnings and price momentum with good track record. But it was offset by its expensive valuation relative to textile peers in Hong Kong. The company recent results have beaten estimates and announced its first ever interim dividend since…</p>

Founder of Shenzhou Intl Group Holdings Ltd (2313 HK), Ma Jianrong is selling 55m shares worth approximately, US$411m. Post this share sale, Ma Jianrong will hold about 46.5% of the company.The deal scores marginally positive on our framework owing to its strong earnings and price momentum with good track record. But it was offset by its expensive valuation relative to textile peers in Hong Kong. The company recent results have beaten estimates and announced its first ever interim dividend since…

Shenzhou International Placement - Previous Selldown by Founder Has Done Well