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Xtep International Holdings ( (HK:1368) ) has provided an update.
Xtep International Holdings has announced a proposed placing of existing shares and a top-up subscription of new shares, alongside the issuance of HK$500,000,000 1.5% convertible bonds due 2026. This strategic move aims to raise capital for the company, potentially enhancing its market position and providing financial flexibility. The proposed placing involves 90,909,000 existing shares at HK$5.50 per share, representing approximately 3.39% of the company’s total shares. The issuance of convertible bonds, with a denomination of HK$2,000,000 each, marks a significant step in the company’s financial strategy, likely impacting stakeholders and indicating a focus on strengthening its financial base and expanding operational capabilities.
More about Xtep International Holdings
Xtep International Holdings Limited is a company in the sportswear industry, primarily engaged in designing, developing, and manufacturing sportswear products, including footwear, apparel, and accessories. The company focuses on innovation and caters to a broad market, with a significant presence in the Greater China region and plans for international expansion.
YTD Price Performance: 10.86%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.99B
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