HONG KONG, Oct. 09, 2017 (GLOBE NEWSWIRE) -- Mau Wing Industrial Limited is pleased to announce that it has executed a $100 million prelisting financing term sheet with Milost Global Inc (the "Investor"). The financing is expected to be comprised of $50 million in equity capital and $50 million in debt. Milost will also finance the total cost of the IPO for the company on the Nasdaq. The financing was arranged and facilitated by Palewater Advisory Asia Limited in Hong Kong.
The Chairman & Chief Executive Officer of Mau Wing Industrial Limited, Li Mau Yam, stated, “We look forward to our partnership with Milost Global given our mutual interests, experience and desire to further develop Mau Wing’s core businesses in the real estate, apparel and e-commerce space. This is one big leap to the long-term success of the Company.”
The Senior Partner & President of Milost Global Asia, Dr. Chin Yew Seah stated, “I have been following the growth progress of Mau Wing Industrial Limited for more than a decade. The fact that their loyal and globally recognized apparel clienteles including H&M, Zara, Levi’s Dockers, US Polo and Kohl’s have been supporting them, has given Milost great comfort as its funding partner. The company is positioned for high growth and its decision to raise secondary funds through the listing in a highly liquid US capital market will augur well for the Company and its shareholders. The company also have the foresight and business acumen from its management to be an early adopter of technology and also develop their real estate division and the e-commerce business platform. Milost is honoured to partner with Chairman Li in this exciting journey.”
About Mau Wing Industrial Limited
Established in 1992, Mau Wing Industrial Limited is one of the biggest enterprises in China focusing on knitwear design and production. Some of our notable apparel partners include H&M, Zara, Levi’s Dockers, US Polo and Kohl’s. The Company’s excellent track record and experience in the garment industry over the past two decades has laid the roots for today’s diversified conglomerate. Our main operations are centred on Hong Kong and Mainland China, with core businesses spanning across apparel, hospitality and real estate industries. Mau Wing develops and manages a capacious mixed-use complex at a prime location in Dongguan, China. Our future development plan includes establishing an e-commerce incubator, and developing residential properties in the area. We are also committed to further strengthen the online presence of our apparel business. Our Board of Directors and Management Team combines strong leadership and exceptional knowledge and experience. Each of our high-calibre leaders possesses values and ideas that inform our organisational decisions and drive the delivery of long-term value to the Company.
About Palewater Advisory Group Inc.
Palewater Advisory Group is a multinational corporate and public affairs advisory firm with headquarters in New York. We specialise in cross-border and M&A transactions, financing, public affairs, political campaign capital raising and strategy. Collectively as the team, we have had an excellent track record with more than 1000 references in our line of advisory work. We have a robust and yet solid network of contacts with specific focus on certain core industries, investment and banking communities. Our directors, leaders, professionals, and senior advisors collectively provide access to senior industrial, political, economic, government and financial decision makers throughout the world.
We provide individual and personal advice and react swiftly to our clients’ needs, while always providing direct access to the team, including the partners involved. As a professional services firm, we provide the best possible advice based on confidentiality and total discretion. We are committed to the principles of integrity and client service, and operate free from any conflict of interest. www.palewateradvisory.com
About Milost Global Inc
Milost Global Inc is an American Private Equity firm that is headquartered in New York City, with more than $25 billion in committed capital. Milost is at the intersection of creative investing and value creation. Milost is also a provider of alternative capital, mezzanine finance, and alternative lending to a broad range of industries across the globe including Technology, Transport, Cannabis, Education, Distribution, Mining, Oil & Gas, Financial Services, Healthcare, Pharmaceuticals, Real Estate, Alternative Energy and Infrastructure Development. www.milostglobal.com
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