China Down Jacket Billionaire's Bosideng Taps Itochu For Help; Shares Soar

Shares in Bosideng International Holdings, one of the world’s largest producers of down jackets, gained as much as 14% in Hong Kong early this afternoon after the company said Japan trading house Itochu and China’s CITIC Securities would buy a minority stake for the equivalent of $200 million. The two would [...]

 

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