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ANTA Sports Products ( (HK:2020) ) has issued an announcement.
ANTA Sports Products Limited announced that its subsidiary, Anca Holding, has entered into share subscription agreements with Wise Source and Reward Grand. This transaction will result in a 20% dilution of ANTA’s indirect beneficial interest in Anca Holding, as the total issued shares of Anca Holding will be increased. The agreements are considered connected transactions under the Hong Kong Stock Exchange Listing Rules, but they do not require independent shareholder approval.
The most recent analyst rating on (HK:2020) stock is a Buy with a HK$118.00 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 company incorporated in the Cayman Islands, primarily involved in the sportswear industry. It operates through various subsidiaries, including Anca Holding, which manages the ‘Jack Wolfskin’ business.
Average Trading Volume: 9,128,056
Technical Sentiment Signal: Buy
Current Market Cap: HK$290.9B
For an in-depth examination of 2020 stock, go to TipRanks’ Overview page.