In 2011, a share placement in March was used to raise a net proceed of HK$3.89 billion to fund general working capital and future business development and acquisitions, with an ample funded war chest, the M&A spree continued with another 19 companies acquired that is expected to generate approximately $2 billion annualized turnover for the Li & Fung. The 19 companies include Oxford Apparel bought for US$121.7 million, children's apparel firm Fishman & Tobin Inc., costume jewelry company Crimzon Rose International, clothing supplier Loyaltex Apparel, color cosmetics maker Collection 2000, Thailand-based furniture trading company Exim Designs, TVMania and Hampshire Designers. The stock price peaked on 24 January 2011 at HKD 21.319.