Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
China-based sportswear brand Peak Sport Products has said “it may be taken private and delist from Hong Kong”, according to a recent Reuters report.
As stated in the report (though the decision is yet to be finalized) Peak's controlling shareholder Ever Sound Development Ltd is considering plans to take the company private.
Since November, 2015, at least 10 other Hong Kong listed Chinese companies have revealed plans to “either delist, spin off assets and list them in China or sell a controlling stake to a mainland-listed company”.
Wang Jianlin, CEO of Dalian Wanda, is said to be preparing to take Dalian Wanda Commercial Properties private, since he thinks it is undervalued on the Hong Kong listings.
Peak Sport has been a sponsor of U.S. basketball teams Houston Rockets, Miami Heat and San Antonio Spurs. Its sponsorship also imvolves players including Tony Parker of the Spurs and Dwight Howard of the Rockets.
Source: Reuters
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Peak started the 2015 China Tour of Peak Players
24 Jun 2015
Tony Parker leading the list of 2015 China Tour
08 Jun 2015
Shijiazhuang picking up pace in sports industry
11 Oct 2017
21 Oct 2016
Oriental Pearl Media, Super Sports and Shankai Sports may team up on UEFA media rights
07 Dec 2015
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Sport’s Perfect Storm
23 May 2024
Registration open - SportAccord World Sport & Business Summit
18 Dec 2023
SportAccord Plenary Conference had fruitful talks about the soft power of sport
17 Apr 2024
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
HealthAccord spotlights mental health and female athlete well-being
08 Feb 2024
Yutang Sports
loading...