Shares of restaurant operator Tsui Wah rose on their Hong Kong debut yesterday, prompting more listing hopefuls to rekindle their issuing plans amid refreshed interest in consumer-related companies.Tuesday, 27 November, 2012, 3:14am
Second-hand luxury handbag retailer Milan Station made headlines last week as it warned of an expected loss this year, which it said was to be blamed on continued slow demand for luxury goods.
The news underscores the downfall seen since its initial public offering in May last year.5 Nov 2012 - 3:25am
Stock sell-off to greet Milan Station warning29 Oct 2012 - 5:08am
Shares of Milan Station surged more than 70 per cent in trading yesterday after the retailer of second-hand luxury handbags said it planned to form a joint venture in Chengdu, Sichuan.
Analysts said the capital market had overreacted to the news, noting that it was too early to tell if the venture would succeed.24 Aug 2012 - 2:47am
Milan Station, which trades pre-used designer handbags, may face slower sales growth as the mainland's luxury market eases this year, analysts say.
The firm yesterday posted an 11.7 per cent fall in full-year net earnings to HK47.9 million, due to a 20 per cent rise in sales costs. This was despite a 21 per cent increase in revenue to HK$879.8 million.24 Mar 2012 - 12:00am
Shares in Milan Station, which sells used luxury handbags, shot up 65 per cent yesterday, the best first-day performance this year after months of weak debuts from initial public offerings.
At one point the shares were up 77 per cent but closed at HK$2.77, 65.87 per cent over the offer price of HK$1.67.24 May 2011 - 12:00am
Designer handbag outlet Milan Station, which is seeking an initial public offering, has no plans to purchase properties to cut costs even though its rent rose almost 40 per cent last year.
The second-hand bag trader is selling a total of 162.5 million shares in an IPO and has priced the shares between HK$1.17 and HK$1.67, raising up to HK$271.38 million.11 May 2011 - 12:00am
Since its colonial days Hong Kong has never ceased to be a 'city of dreams' for those who aspired to wealth and success.9 May 2011 - 12:00am
Cash-rich mainlanders' appetite for luxury products is driving the revenue of designer handbag outlet Milan Station, which is now seeking up to HK$270 million in an initial public offering.4 May 2011 - 12:00am