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Public-traded Chinese footwear maker looking for capital for expansion into retail
Based in Shanghai, the company is a private label women footwear maker and is expanding to the footwear retailing business rapidly. The company was founded in 1997. Revenue in 2006 and 2007 are $4.6 million and $7.25 million, respectively. In 2007, the net is $0.65 million, with an equity of $3.35 million and no long-term debt. Just in last months, it opened two retail stores under its own brand and a plan to open ten more is under consideration. The company is interested in raising $1 million in straight equity to fund its retail expansion. See if the opportunity is of interest to you.
