China's Hengdeli to raise capital to fund expansion

08/25/2010 | Bloomberg

Hengdeli Holdings, Swatch Group's retail partner in China, is planning to sell 300 million new shares to raise $134 million, according to a sale document. Hengdeli, a retailer of Breguet and Omega watches, has seen its market value surge 32% this year and is launching 50 new outlets in Hong Kong, mainland China and Taiwan this year.

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