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An update from ANTA Sports Products ( (HK:2020) ) is now available.
ANTA Sports Products has confirmed that written shareholder approvals have been secured for its previously announced acquisition of a 29.06% equity interest in Puma SE, allowing the deal to proceed as a major transaction without convening a general meeting. The approvals were provided by Anta International and its wholly owned subsidiaries, which together control about 52.83% of ANTA’s issued shares, indicating strong backing from the controlling shareholder group.
With the written consent satisfying Hong Kong listing rules on shareholder approval, ANTA will not hold a general meeting and instead will issue a circular detailing the transaction. The company has sought extra time from the stock exchange to finalise and dispatch this circular, extending the deadline to on or before 24 April 2026, a procedural step that underscores the scale and regulatory importance of the Puma stake acquisition for ANTA’s governance and investors.
The most recent analyst rating on (HK:2020) stock is a Hold with a HK$85.00 price target. To see the full list of analyst forecasts on ANTA Sports Products stock, see the HK:2020 Stock Forecast page.
More about ANTA Sports Products
ANTA Sports Products Limited is a Chinese sportswear company listed in Hong Kong, engaged in the design, development, manufacture and marketing of athletic footwear, apparel and accessories. The group targets mass-market and performance sports consumers and has expanded its global footprint through investments in international sports brands.
Average Trading Volume: 9,446,040
Technical Sentiment Signal: Buy
Current Market Cap: HK$233.7B
See more insights into 2020 stock on TipRanks’ Stock Analysis page.