Prada shares debut on Hong Kong market
- By He Shan
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China.org.cn, June 24, 2011
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A customer stands at front of a Prada store. [CFP] |
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Prada shares debut on Hong Kong market |
PRADA24日在港挂牌上市 仅获0.5倍认购 |
| Italian luxury brand Prada's shares began trading on the Hong Kong Stock Exchange on Friday at HK$39.5 (US$5.07) a share, the low end of its expected range, due to weak market sentiment. | 首次登陆香港上市的意大利奢侈品牌普拉达(PRADA)将在24日于香港联交所挂牌，23日最终决定以招股价格区间的下限每股39.5港元定价。 |
| Only half of the offering was subscribed by retail investors. Potential buyers were baffled by the prospect of having to pay Italian capital gains tax and dividend withholding tax, unusual for the Hong Kong market. | 市场对于普拉达公开发售的股票反应冷淡，仅仅获得了0.5倍的认购。因为潜在投资者对于此次认购需向意大利缴税的问题感到困惑。 |
| Julia Leung, Hong Kong undersecretary for financial services and treasury, said the bureau is in talks with the Italian firm about the tax issue. Based on previous experienced, the tax rate will be cut after negotiation, Leung said. | 香港财经事务及库务局副局长梁凤仪日前表示，香港与不少国家签署了避免双重征税的协议，而税务局已与意大利展开有关商讨，并将会进行下一轮讨论。根据以往的经验，股息预扣税税率一般也可以降低。 |
| Prada issued a total of 423 million shares through the offering to raise about HK$16.7 billion (US$2.14 billion). Old holdings made up 86 percent of the offering, with 72 percent owned by Prada family and the remaining 28 percent owned by Italian Intesa Sanpaolo Bank. With an offering price set at HK$39.5, the Prada family and Intesa Sanpaolo were able to cash out HK$10.35 billion （US$1.32 billion）and HK$4.02 billion (US$510 million) respectively. | 普拉达此次上市的保荐人为高盛及里昂。普拉达这次共发行约4.23亿股，募集资金约167亿港元。其中86%为旧股，而旧股中的72%全部来自普拉达家族持有的母公司，其余则由另一股东意大利圣保罗(Intesa Sanpaolo)银行售出。根据最终定价39.5港元，母公司及圣保罗银行各自套现103.5亿及40.2亿港元。 |
| Goldman Sachs and CLSA acted as sponsors for the listing. | 普拉达此次上市的保荐人为高盛及里昂。 |
China's business press carried the story above on Friday.
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