News

Yue Yuen to benefit from spin-off

01/05/2008

China-based athletic and casual footwear Yue Yuen hopes to make $157 from the proposed spin-off of its Pou Sheng unit on the Hong Kong Stock Exchange. Pou Sheng will be listed on the exchange from April 9.

In connection with the proposed spin-off, the Yue Yuen Group will undergo the reorganisation so that the Pou Sheng Group will be principally invoved in the retail business and the retained group will be principally engaged in the OEM/ODM business.

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