361 Degrees Raises HK$610 Million to Accelerate Overseas Expansion

361 Degrees International ( (HK:1361) ) just unveiled an update.

361 Degrees International has completed a placing of 100 million existing shares at HK$6.18 each to at least six independent investors, alongside a matching subscription of 100 million new shares by a vendor at the same price. The transactions maintain the controlling shareholders’ aggregate influence while slightly diluting their percentage holdings due to the enlarged share capital.

The company raised net proceeds of about HK$610 million from the subscription, with roughly 80% earmarked to fund overseas market expansion, including store leasing and renovation, e-commerce build-out, acquisitions, marketing and setting up overseas subsidiaries. The remaining 20% will strengthen working capital and support ongoing operations and new overseas offices, signalling an accelerated internationalisation strategy that could reshape its growth profile and competitive positioning in the sportswear sector.

The most recent analyst rating on (HK:1361) stock is a Buy with a HK$7.09 price target. To see the full list of analyst forecasts on 361 Degrees International stock, see the HK:1361 Stock Forecast page.

More about 361 Degrees International

361 Degrees International is a sportswear company listed in Hong Kong that designs, manufactures and sells athletic footwear, apparel and related products. The group focuses on expanding its presence in overseas markets through physical retail networks, e-commerce platforms and dedicated subsidiaries to diversify beyond its existing core markets.

Average Trading Volume: 10,263,691

Technical Sentiment Signal: Buy

Current Market Cap: HK$10.96B

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