Ming Le Sports Announces IPO Volume Of Up To 1.44 Mln Shares - Quick Facts

7/3/2012 6:12 AM ET

Ming Le Sports AG, a rapidly growing branded sportswear company in China, plans the initial listing of the shares in the Prime Standard of the Frankfurt Stock Exchange for July 6, 2012.

In the context of a public offering in Germany and Poland, the company offers up to 1.44 million shares. Of this amount, 1.25 million shares originate from a capital increase against cash contributions from the authorised capital. In addition, the public offering includes an over-allotment option of up to 187,000 shares from the existing shareholders.

Ming Le Sports stated that it intends to use the net proceeds from the sale of new shares mainly to finance its strong growth including the construction of new footwear manufacturing facilities and the expansion of its distribution network.

by RTT Staff Writer

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