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ANTA Sports Products ( (HK:2020) ) just unveiled an update.
ANTA Sports Products Limited has announced a joint venture with MUSINSA Co., Ltd., a leading fashion platform company in Korea. This partnership aims to operate Korean fashion businesses in Mainland China, Hong Kong, and Macao, with ANTA holding a 40% stake and MUSINSA holding 60%. The joint venture is part of ANTA’s strategy to explore the integration of sports and fashion, leveraging its experience in the footwear and apparel industry to offer personalized choices for young consumers. MUSINSA will manage the business operations, while ANTA will provide strategic and financial oversight. The collaboration is expected to enhance ANTA’s market positioning and offer new opportunities for growth in the fashion sector.
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 operating in the sports and fashion industry. The company focuses on a ‘Single-focus, Multi-brand, Globalization’ strategy, aiming to integrate sports and fashion to cater to the diverse needs of young consumers.
Average Trading Volume: 9,128,056
Technical Sentiment Signal: Buy
Current Market Cap: HK$290.9B
For a thorough assessment of 2020 stock, go to TipRanks’ Stock Analysis page.