9 December 2011, Hong Kong - China Everbright Limited announced that its direct investment arm and private equity fund “China Special Opportunity Fund III” had its investment project China Outfitters Holdings Limited (HKSE: 01146) listed on the Main Board of the Hong Kong Stock Exchange. The project was issued at a price of HK$1.64, raising approximately HK$730 million. It was oversubscribed at nine times the public offering. 

 

Focused on the design, manufacture and distribution of menswear, China Outfitters’ China business is developing rapidly. The Company owns various internationally well-known casual menswear brands with significant brand equity in China, including JEEP, Santa Barbara Polo & Racquet Club and London Fog. 

 

Currently, China Everbright has four private equity funds and three venture capital funds under its direct investment arm, all focusing on pre-IPO enterprises with strong growth potential. A total of 32 investment projects have been completed thus far. Certain projects under China Special Opportunity Fund I and China Special Opportunity Fund II have been previously listed and are generating returns for investors, including China Techfaith, China High Speed Transmission, Goldwind Science & Technology, China Sunshine Paper, iSoft Stone and Being Mate. China Special Opportunity Fund III was established in late 2010, at a fund size of USD 400 million, to focus on agricultural, consumer and retail businesses in the Mainland. Another investment project in the China apparel business was recently listed on the Main Board of the Hong Kong Stock Exchange.