Peak announce return to A stock market

On Feb. 10 2017, Peak Sport hosted a Development Forum on Returning to the A Stock Market. At the event, Peak Sport officially announced a return to the A stock market after delisting from the Hong Kong stock market last November. Huatai Securities revealed that it was estimated Peak would apply to go public in the A stock market in 2018.

According to some insiders, multiple investors were invited to this forum. These included the likes of DG Capital, Everbright Sport Fund, Shenzhen Qianhai Fund-of-funds and Century Chinese Wealth Fund. They have jointly reviewed Peak’s privatization process and have made plans on how to cooperate with each other in the process of Peak returning to the A stock market and eventually going public.

Peak got listed in the Hong Kong stock market in September 2009, and failed IPO twice. However, due to its continuous low valuation in the Hong Kong stock market and the decline in its recent performance, Peak chose to delist from the Hong Kong stock market and push forward with its privatization process.

With the overall recovery of the national sports goods industry, Peak will definitely pursue a listing in the A stock market after completing privatization in the Hong Kong stock market. Against the background of new development opportunities in the sports industry, the sports goods industry also hopes to catch up with the policies and capital advantages in China.  

Source: Toutiao

Proofread by Sean O Diobhilin