Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Xu Jingnan, Chairman of Chinese sportswear brand Peak Sport, is reportedly ready to take the company private for US$310 million (HK$2.41 billion).
Earlier this year, Peak Sport said that it may go private, joining a growing queue of mainland firms looking to exit Hong Kong's stock market. Xu, who holds 61% of Peak, believed the company’s stock prices have been unsatisfactory since its September 2009 listing.
A firm owned by Xu is offering HK$2.60 per share, a 10.6% premium over Peak Sport's last trading price, to buy all the shares not owned by Xu or firms he controls, Peak Sport stated in a filing.
Following Dalian Wanda Commercial Properties, TCL Communication Technology and the Aupu Group, Peak has become the fourth Chinese firm to move for a delisting within a month.
Peak Sport Products is a Chinese sportswear and sports equipment company founded in 1989. The company was listed in Hong Kong in September 2009 and has a market capitalisation of US$1.4 bn.
Source: Reuters
Proofread by Sean O Diobhilin
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
Related coverage
09 May 2016
Juventus launches new online store in HK
06 Aug 2015
PING AN to sponsor CFA with 1.42b RMB
12 Aug 2016
Marathons offer healthy business opportunities
08 Sep 2015
Klay Thompson and Louis Williams start their 2017 China trip
29 Jun 2017
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Yutang Sports
loading...