Jan 10, 2023 10:28 AM (GMT+8) · EqualOcean
Cashmere maker MetteCashmere (Chinese: 羊绒世家) recently submitted a prospectus(draft) for an IPO on Shenzhen Stock Exchange. The company plans to issue not more than 19,333,300 shares and is expected to raise CNY 351 million (USD 51.82 million). The proceeds will be put into building marketing networks and intelligent production lines. MetteCashmere engages in the development, design, production, and sales of apparel featuring cashmere, wool, and other plush fabrics. The company's revenues in 2019, 2020, 2021, and the first half of 2022 stood at CNY 735 million, CNY 648 million, CNY 750 million, and CNY 319 million separately.