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THE WHAT? Shanghai-based skincare firm Chicmax has change into the primary mainland China skincare firm to record on the Hong Kong Inventory Change, in accordance with a report by WWD.com.
THE DETAILS The corporate has manufacturers akin to Kans, One Leaf, Child Elephant, Bio-G and Hanamino underneath its umbrella, and opened at 25.20 Hong Kong {dollars} (US$3.23) – elevating 835 million Hong Kong greenback.
THE WHY? Chicmax is alleged to have eyed a list on the Shanghai Inventory Change in 2021, earlier than transferring its focus to Hong Kong.
In line with a report by a Frost & Sullivan, Chicmax has been reinventing itself hero manufacturers to align with market traits and stay afloat in an business dominated by international corporations.
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