Peak Sport to be made pri­vate by share­holder

China Daily (Canada) - - BUSINESS -

Chi­nese sports brand Peak Sport Prod­ucts Co Ltd said its con­trol­ling share­holder, in­vest­ment firm Ever Sound Devel­op­ment Ltd, is con­sid­er­ing plans to take the com­pany pri­vate and delist from theHong Kong Stock Ex­change. Ever Sound owns 61.19 per­cent of Peak Sport, ac­cord­ing to the lat­ter’s fil­ing. In the Tues­day fil­ing to theHong Kong bourse, Peak Sport Chair­man Xu Jing­nan said “pre­lim­i­nary con­sid­er­a­tion is still in progress” on the firm be­ing taken pri­vate, with­out dis­clos­ing any rea­son for the move nor po­ten­tial fi­nan­cial terms.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.