China : Langsha aims for Nasdaq list in 6yrs

Having obtained the approval of entering Sichuan Changjiang Packing Holding Co., Ltd. (ChangKong) from State-owned Assets Supervision and Administration Commission of the State (SAC), the President, Langsha Holding Group Weng Rongdi revealed that they were positively preparing to list on Nasdaq in the US, and they expected to achieve the goal in 5-6 years.

Two months ago, Langsha took the holding of ST Changkong and realized part of the listing, and thus getting on the road to capital operation.

It is understood that Langsha mainly puts their underwear business into the listed company.
Weng said, “Our goal is to become China's underwear king.”

First borrow the shell for domestic list, and then proceed overseas listing, Weng Rongdi said this was decided by Langsha’s positions on the market.

Back in 3-4 years ago, taking into account of various trade barriers in overseas markets, Langsha decided that the company should firstly firmly root in China, and then move to international markets.
 
 
Fibre2fashion, News Desk - China