Li Feng Will Seek Acquisition Opportunities In Shoe Industry
香港最大出口貿(mào)易商--利豐有限公司(0494.HK:行情)周二表示,將在鞋業(yè)及化妝品業(yè)尋求并購機會,并認為人民幣可能升值的影響不大.當(dāng)問到是否會有令人振奮的并購宣布時,利豐總裁樂裕民(BruceRockowitz)表示,"百分之百."他周二接受路透專訪時表示,未來四五個月利豐會有許多大消息.
After the 400 million dollar bill issued by Li Feng, about 900 million US dollars will be available in the future. The company is looking for acquisitions in the makeup industry and footwear industry. Li Feng announced on Friday that it plans to issue a $400 million bill due in 2020 with an annual interest rate of 5.25%. The proceeds will be used for acquisition and business development.
"(China) the adjustment of the exchange rate will probably be far smaller than what many people are talking about now. It may be in 3-4% and will gradually adjust. This is not a bad thing for us." Lok Min said. Li said that Li may accelerate its capacity to move its capacity from coastal areas to China and neighboring countries such as Vietnam, India, Kampuchea and so on. He does not want to disclose whether the company will still achieve revenue and profit targets this year because of uncertainty in Europe and possible appreciation of the renminbi.
Li Fung shares rose 13.8% this year, the Hang Seng Index.HSI fell 7.9%. Li Feng on Tuesday fell 1.5%.
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