Xtep International Holdings (HK:1368) has released an update.
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Xtep International Holdings has completed the disposal of its KP Global Group, ceasing their consolidation in Xtep’s financial accounts, and has issued KP Convertible Bonds. The company has also declared a special dividend of HK$0.447 per share, payable to shareholders of record as of September 9, 2024. Additionally, Xtep has entered into a Transition Services Agreement with KP Global Group, facilitating ongoing shared services and exempt transactions.
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