BELLE International Is Expected To Complete Its Acquisition In The Third Quarter.
Belle International Holdings Ltd (Belle International Holdings Ltd., 1880.HK), a management official said on Monday that the paction of the company's acquisition of Mirabell International Holdings Ltd. (1179.HK): beautiful Bao Guoji) is expected to be completed in the third quarter of this year, a management official said on Monday.
The unnamed manager told Dow Jones Newswires that the acquisition of Mei Po international is progressing smoothly.
He added that all documents related to the acquisition would take at least two to three months to finalize.
BELLE said earlier that it was planning to buy the competitor, beauty treasure international, at a price of HK $1 billion 670 million.
The main business of BELLE international is to produce and sell women's shoes.
The above purchase plan helps to enhance BELLE International's market share in mainland China's men's shoes market.
According to income, BELLE international is China's largest female shoe retailer.
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