In a Hong Kong Stock Exchange announcement, Bosideng International stated that Chairman Gao Dekang agreed to sell 400 million shares at a price of HKD 4.31 per share. The sale of shares accounts for approximately 3.64% of the company's total issued shares, and is expected to be completed on July 5th. JPMorgan is the placement agent, and the proceeds will be used for seller funding needs and charitable causes.
波司登董事局主席拟以每股4.31港元配售4亿股现有股份
The chairman of the board of directors of Bosideng intends to distribute 400 million existing shares at a price of HKD 4.31 per share.
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