Peak Sports to be privatized

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Recently, Peak Sports announced that its resolution of privatization application had been approved. Peak Sports will revoke its shares from SEHK on 1st December, changing its status on the market. It means that Peak Sports has begun its privatization and it is speculated that it will soon begin to return back to A stock.

On 23rd May, Peak Sports issued two announcements. One was a suspension notice of listed companies. The other was about changing the Chief Financial Officers, Company Secretaries, authorized representatives and agents for receiving legal procedure documents and advice notes in Hong Kong. Following these moves, the news of Peak Sports implementing privatization and returning to A stock spread rapidly within the industry.

After 5 months, Peak Sports has made great progress in its privatization process. It has announced that its resolution of privatization had been approved in the court session on 19th October.

‍‍Proofread by Sean O Diobhilin‍‍

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