BELLE Will Complete The Acquisition Of Mei Bao In The Third Quarter.
Belle International Holdings Ltd (Belle International Holdings Ltd., 1880.HK), a management official said on Monday that the paction of the company's acquisition of Mirabell International Holdings Ltd. (1179.HK): beautiful Bao Guoji) is expected to be completed in the third quarter of this year, a management official said on Monday.
The unnamed manager told Dow Jones Newswires that the acquisition of Mei Po international is progressing smoothly.
He added that all documents related to the acquisition would take at least two to three months to finalize.
BELLE International said earlier that it planned to buy more than 1 billion 670 million Hong Kong dollars for its rival, beautiful international.
The main business of BELLE international is to produce and sell women's shoes. The above purchase plan helps to enhance BELLE International's market share in mainland China's men's shoes market.
According to income, BELLE international is China's largest female shoe retailer.
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