Xtep Raising $175 Million in Private Placement
The Chinese running brand is selling an aggregate 247,078,000 shares at a price of HK$5.56 per share to finance the potential acquisition of international sportswear brands and for overseas expansion. Xtep has expressed interest in developing a multi-brand portfolio group through mergers and acquisition and collaborations with international brands, and competitor Anta’s acquisition of Amer ... Log in to view full article.