Samsonite to Pursue Dual Listing
SAMSONITE INTL UNSP/ADR (SMSEY)
NASDAQ:AMEX Investor Relations:
samsonite.com/investors/home.do
Company Research
Source: PR Newswire
HONG KONG, March 21, 2024 /PRNewswire/ -- Samsonite International S.A. ("Samsonite" or "the Company", together with its consolidated subsidiaries, "the Group"; SEHK stock code: 1910), a leader in the global lifestyle bag industry and the world's best-known and largest travel luggage company, today announced that its board of directors ("Board") has authorized the Company's management to pursue listing the Company's shares on a second leading stock exchange in addition to the Hong Kong Stock Exchange.The Company recently announced outstanding results for the year ended December 31, 2023, including strong double-digit net sales growth year-on-year and record gross profit margin and Adjusted EBITDA margin1. An additional listing would increase liquidity of the Company's shares and create an opportunity to reach investors in markets that are an important part of the Company's global footprint and growth drivers for its business."After conducting a preliminary review of potential paths for
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