Richard Liu’s annual tradition stems from his gratitude to the villagers who supported him when he left for Beijing to attend China Renmin University in 1992. In the early 1990s, his fellow villagers pooled 500 yuan (US$70) and 76 eggs to help him fund his university education.
The US retailer is offering 144.5 million shares in a $24.85 to $25.85 price range, the people said, asking not to be identified because the information is private. Morgan Stanley is the broker-dealer of the offering, they added
Chinese e-commerce group JD.com Inc confirmed on Monday that it was looking at Currys, after a report in The Times newspaper said that another bidder, U.S.-based investor Elliot Advisors, was considering a higher offer.