Milan Station Handbag Company In Hong Kong Debut Surge

Milan Station Handbag Company In Hong Kong Debut Surge
Brisk debut comes after a record initial public offering this month. The share of sales was 2179 times out.

The shares closed at HK $ 2.77, up 66% of its offering price of HK $ 1.67.

And 'the latest company seeking to take advantage of both investors' and consumers' interest in the Chinese market for luxury goods.

Italian fashion house Prada and U.S. leather goods company Coach also seeks to raise money in Hong Kong.

Milan Station, said he had raised HK $ 162.9m (￡ 13 million, $ 21 million) and use the funds to finance its expansion in China, where it plans to open 24 new stores over the next two years.

"It plays into the theme of the current market -. People are looking for the purchasing power of Chinese, but it is unclear whether this rate of increase is justified," said Ben Kwong, chief operating officer of KGI asia.

However, analysts have expressed concern about the unauthorized use of his name stores in Shanghai, Hangzhou and Guangzhou. They also fear the company suffers from high rents in Hong Kong.

Milan Station sources its Chanel Replica Handbags to the public, especially Hong Kong Tai TAIS or ladies who lunch, who sells bags they no longer want.

Milan Station Hot Sale Party beat the record set by Tianjin Port Development in 2006, which was 1,702 times oversubscribed.