November 24, 2010 (FinancialWire) (http://www.financialwire.net/) — China Xiniya Fashion Ltd. (NYSE: XNY), a Chinese provider of men’s business casual apparel, said that it has priced its initial public offering of eight million American depositary shares, each representing four ordinary shares of the company, at US$11 per ADS.

The ADSs began trading on the New York Stock Exchange on November 23 under the symbol “XNY.” Cowen and Co., LLC (NASDAQ: COWN) acted as the sole bookrunner. The underwriters have been granted a 30-day option to purchase up to 1,200,000 additional ADSs to cover over-allotments.

China-based China Xiniya Fashion designs and manufactures men’s business casual and business formal apparel and accessories, which are marketed under the Xiniya brand, and sells through its distribution network that includes 26 distributors and 24 department store chains.

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