ompany is offering 671.24 million shares, of which 82% are secondary shares from existing shareholders, at an indicative price range of HK$13.50-HK$17.50 each, according to a term sheet seen by Dow Jones Newswires Monday. The company, which began bookbuilding for institutional investors Monday, is scheduled to launch the Hong Kong public offering on June 3 and will list on the Hong Kong stock exchange on June 16, the term sheet said. Samsonite, which makes suitcases, casual bags and travel products, had more than 37,000 points of sales by the end of 2010, of which 36,384 were wholesale and 734 were retail, according to a report by UBS, one of the bookin places like Hong Kong and Singapore. Such outsourcing is illegal in Korea. "Such practices are part of the foreign banks' desire to manage their entire Asian portfolio," Kim said. "In cases of big investment banks, trading on a regional level can have a great impact on the domestic financial markets as such management can lead to sharp changes to the portfolios of the banks' local branches." The FSS plans to inspect 15 foreign banks operating in Korea every year to monitor their fund management from this year, citing the need to proactively manage potential market risks. "Foreign banking branches (in Korea) are considered to have a great effect in increasing the volatility of capital flows in and out of the market," the FSS said in a separate statement, adding such branches tend to take on short-term foreign currency borrowings to conduct derivatives or government bonds trading. Kim told reporters HSBC Holdings PLC and Credit Agricole S.A. have already been sanctioned for improper outsourcing of operations involving derivatives. He added that another European bank may be sanctioned foEd Hickox, took place during the bottom of the seventh inning in Friday's game at Nationals Park. Hairston had argued with Hickox about Padres left-hander Clayton Richard, claiming the pitcher had not given him enough time to set up in the batter's box. "He held the ball and I stepped out," Hairston told reporters after Friday's game. "As soon as I stepped back in the box, he was coming. You just can't do that. You have to let the hitter get set. "Basically, I asked for help and when I asked for help, I got thrown out. I never cussed at the umpire or anything. I didn't fe