Monday 17 May 2021
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todayonline - 26 days ago

Controlling shareholder of ANTA Sports plans sale of $1.49 billion shares

HONG KONG - ANTA Sports Products Ltd, China s home grown sportswear maker, said on Wednesday that its controlling shareholder has planned sale of about 3.26% stake in the company for HK$11.57 billion ($1.49 billion). Anta International Group Holdings Ltd has agreed to sell 88 million existing shares in a placement at HK$131.48 each, representing a 7.5% discount to Tuesday s close, which will reduce its direct shareholding to 47.56%, from 50.81%. The controlling shareholder also through two subsidiaries holds an indirect 10.23% stake in the Hong Kong-listed company. ANTA Sports said it did not expect the placement to have any significant impact on its daily operations or any change to its key management personnel. ($1 = 7.7616 Hong Kong dollars) REUTERS


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