Placement by knitwear manufacturer

Shenzhou International raises $151 million from top-up placement

Chinese knitwear manufacturer Shenzhou International, which supplies Uniqlo, draws strong demand from existing shareholders as it seeks to boost liquidity in its stock with a top-up placement.

<div style="text-align: left;"> The Shanghai store of Japanese casualwear retailer Uniqlo, which is Shenzhou International’s single largest customer </div>

April 16, 2012

Shenzhou International Group raised HK$1.17 billion ($151 million) from a top-up placement on Friday. The order book opened at around 9.15am, after the stock was suspended from trading, and closed at about 4pm.

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