Pou Sheng International (Holdings) and Central China Real Estate, which open their retail subscriptions today, have seen their institutional portions oversubscribed despite the volatile market, sources say.

Pou Sheng, which seeks up to HK$3.09 billion by selling 823 million shares at HK$2.93 to HK$3.75 each, plans to add 1,650 sportswear retail outlets this year, retail business general manager Ringo Lu Ning said yesterday.

At the end of last year, Pou Sheng and its joint-venture partners directly operated 3,341 sportswear retail outlets in Greater China, or 9,188 operations including franchise shops and outlets.