HLA Group (SHA:600398) directors approved a plan to list its shares on the Hong Kong Stock Exchange, according to a Tuesday disclosure to the Shanghai bourse.
The clothing company's planned Hong Kong listing will help it fast-track overseas business development, improve its brand image, and diversify its capital operations, according to the company's disclosure.
HLA's listing will be subject to review by shareholders and directors, and is up for approval by regulators in Hong Kong and mainland China.
Shares slipped 1% during morning trading on Tuesday.
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