Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
ANTA Sports Products ( (HK:2020) ) just unveiled an update.
ANTA Sports has agreed to acquire a 29.06% equity stake in PUMA SE for about EUR1.51 billion in cash, funded from internal resources, becoming PUMA’s largest shareholder in a deal classified as a major transaction under Hong Kong listing rules and subject to shareholder approval at an extraordinary general meeting. Management says the move will deepen ANTA’s globalisation push by pairing its multi-brand, retail and supply-chain strengths with PUMA’s globally recognised performance and lifestyle sports franchise, with plans to seek board representation to help drive brand potential, enhance ANTA’s global presence and competitiveness, and create long-term value for consumers and other stakeholders.
The most recent analyst rating on (HK:2020) stock is a Hold with a HK$84.00 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 leading Chinese sportswear group listed in Hong Kong, operating a “single-focus, multi-brand, and globalisation” strategy centred on sports shoes, apparel and related sporting goods. The company manages multiple brands with a strong “brand+retail” model, leveraging integrated brand management, retail operations and supply-chain capabilities to expand across both the China market and global sporting goods sector.
Average Trading Volume: 8,888,328
Technical Sentiment Signal: Sell
Current Market Cap: HK$213.9B
See more data about 2020 stock on TipRanks’ Stock Analysis page.