Chinese yacht builder conducts IPO - Trade Only Today

Chinese yacht builder conducts IPO

Author:
Publish date:

Yacht manufacturer Sunbird Yacht Co. Ltd. received approval from the China Securities Regulatory Commission through an initial public offering of 22 million shares listed on the ChiNext board in Shenzhen in September.

Sunbird Yachts, which opened in 1993, has more than 900 employees and is a leader in the local market, the company said.

Click here for the full release.

Related

And the Wait for New Boats Goes On

Ninety-five percent of marine dealers say they waited at least a month to get new-boat orders filled in August, and 35 percent say they experienced lead times of more than three months.

Consumer confidence at record highs

The economic indicator that Navico CEO Leif Ottosson watches first and foremost is consumer confidence, and The Conference Board’s measure of the American consumer’s mood delivered good news to Navico and the rest of the recreational marine industry at the end of August.