Aimer Group, a Chinese lingerie-maker has received approval intended for initial public offering. China’s Securities Regulatory Commission accepted the Beijing-based company in order to debut on the Shanghai Stock market. The company plans to raise 117. 8 million dollars and also to issue no less than 40 mil shares.
Aimer Group has got the distinction of being the fourth Chinese language intimates company to go open public. The other three include Shenzhen Huijie Group, Cosmo Woman, and Embry Holdings.
Aimer originally launched in 1993, but the parent company Aimer Group has roots dating back to 1981. Over the years the organization has expanded its products beyond underwear to include loungewear, athleisure, hosiery, and swimsuits. Aimer is also known to work together with fashion designers such as Vivienne Tam.
China’s marketplace for lingerie is growing, getting reached 64. 49 billion dollars last year. In terms of clothes and retail, China appears poised for growth. The nation has managed to successfully deal with their coronavirus pandemic, which has led to an incredible come back in retail sales. China’s 2020 economic report demonstrated that their economy nevertheless managed to grow by second . 3 percent.
photo: through aimeronline. com