26.04.2010 - L’Occitane to use most HK IPO proceeds for Asian expansion

From Bloomberg: L’Occitane International SA, which starts sales in Hong Kong today for its initial public offering, plans to use two thirds of the proceeds of as much as HK$5.49 billion ($707 million) to open new stores. China Investment Corp., the nation’s sovereign wealth fund, agreed to buy $50 million worth of shares in the IPO, the company said. CIC’s investment in the shares will be locked up for six months after the IPO, it said.......................................Full Article: Source

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