Boshiwa International's international placement was three times oversubscribed, freezing about HK$9 billion, backed by big institutional names, sources said.The children's clothes maker attracted three cornerstone investors - Singapore's GIC sovereign wealth fund, Korean fund Mirae and Martin Currie from Britain - who poured a total of US$75 million (HK$585 million). They cannot sell the shares for six months.
Shanghai-based Boshiwa plans to raise up to HK$2.86 billion. Full story
