Walker Group steps up franchising arrangements to boost growth

26 May '07

3 min read

ITOCHU Corporation is a Japanese conglomerate with stock listings in Tokyo, Osaka, Nagoya, Fukuoka and Sapporo. The history of ITOCHU dates back to 1858 when its founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over about 150 years into full-fledged conglomerate.

The placing offer commenced on [21] May 2007 (Monday) and will close on [30] May 2007 (Wednesday). The public offer will begin on [28] May 2007 (Monday) and will end at noon on 31 May 2007 (Thursday).

The allotment results will be announced on 6 June 2007 (Wednesday) and trading of Walker Group shares is expected to begin on the Main Board of SEHK on 7 June 2007 (Thursday) under stock code 1386. Shares will be traded in board lots of [1,000] shares.

Taifook Securities Company Limited and DBS Asia Capital Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of the listing. Taifook Capital Limited is the Sole Sponsor.

Mr. Edmond Huang, Chairman and Chief Executive Officer of Walker Group, said, “We are delighted to be making this big step forward. The Group's goal is to lead the casual footwear retail market with brands that are built with a passion for achieving a better lifestyle."

"We have utmost confidence in our listing in Hong Kong, which will not only provide abundant capital to accelerate development of the Group's business in the PRC, but will also allow us to enhance our reputation in the footwear retail industry.”

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