MAO GEPING (01318) surged over 5% once more. As of the time of writing, the stock was up 4.78%, trading at HKD 92.15, with a turnover of HKD 62.6743 million. The company announced that it recently entered into a strategic cooperation framework agreement with L Catterton Asia Advisors. Under this agreement, the two parties have reached a consensus to collaborate on global market expansion, acquisitions and strategic investments, capital structure optimization, and talent acquisition and governance. Leveraging its global investment footprint and strategic partner network, L Catterton will assist and empower the group's brands to expand into overseas high-end retail channels. Furthermore, the parties intend to jointly establish an equity investment fund focused on the global high-end cosmetics sector, injecting new momentum into the group's long-term development. Simultaneously, the two sides will also cooperate on further optimizing the capital structure and in areas of talent introduction and corporate governance.
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MAO GEPING (01318) Surges Over 5% Again, Partners with L Catterton to Establish Equity Investment Fund in High-End Cosmetics Sector
Stock News01-08
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