Easy two years old watch the main line Sincere Watch (sincerewatch) was established in 1954, the Singapore Stock Exchange in 1993, is Asias largest retailers and distributors to the list of ones own sincere and emotus multi brand store, and single brand shop Omega, Longines and the Law Lan Mule (frankmuller) and so on. the end of 2007, replica Panerai watches listed in Hong Kong should watch for the expansion into the Asian business profits will be Sincere Watch Singapores comprehensive acquisition, share purchase price of 2.05 Singapore dollars in cash and 0.228 shares of new shares Yi Jin Lee watches (issue price of 12.096 Hong Kong dollars), totaling about 530 million Singapore dollars (about 2.767 billion Hong Kong dollars).
Yi Jin Lee watches will be followed in which 205 million shares (approximately 99.42% total equity) as collateral for by ABN AMRO, BNP Paribas, and ing a number of banks such as a consortium, in exchange for 500 million U.S. dollars loan. In the Yi Jin Lee watches After bankruptcy, the shares from the Singapore branch of ABN replica IWC watch AMRO Mortgage Trust who managed to complete the sale by the bank. Last year in November, following Lee watches the mainland should enter the retail business transferred to the Chow Tai Fook Group, the Sincere Watch has aroused more than 10 investor interest, at the time Sincere Watch is valued at 500 million Hong Kong dollar.
This year early in August, once the suspension Sincere Watch, said the acquisition is being approached, but did not reach an agreement. But the shares resume trading day, fired a high 80 percent in intraday trading. October 2, the unit re-suspension. replica iluxury watches Hong Kong media had speculated that potential buyers may have to the list of Chinas largest retailer Xinyu Hengdeli (03389, hk). Transaction price when the market is estimated at 2 billion to 300 million Singapore dollars.