Xtep Completes Share Placement and Bond Issuance

An announcement from Xtep International Holdings ( (HK:1368) ) is now available.

Xtep International Holdings Limited announced the completion of a placement of existing shares and a top-up subscription of new shares, as well as the issuance of HK$500,000,000 in convertible bonds due in 2026. The placement involved 90,909,000 sale shares at HK$5.50 per share, and the new shares represent approximately 3.28% of the company’s total shares. The bonds are expected to be listed on the Vienna Stock Exchange, indicating a strategic move to enhance liquidity and financial flexibility.

More about Xtep International Holdings

Xtep International Holdings Limited is a company incorporated in the Cayman Islands, operating in the fashion industry with a focus on creating and selling athletic footwear and apparel. It is listed on the Hong Kong Stock Exchange.

YTD Price Performance: -2.29%

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $1.76B

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