The chairman and management of Belle International Holdings have raised $471 million through a sale of the blue-chip retailer’s shares, The Wall Street Journal reports. They sold 240 million shares at $1.96 per unit.
Morgan Stanley and Credit Suisse were book runners for the sale. Following the transaction, the management will continue to own a controlling stake in the Chinese apparel and accessories retailer.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from FinanceAsia.
