(Bloomberg) -- Anta Sports Products Ltd., China's
largest maker of athletic shoes, raised HK$3.17 billion ($405
million) in a share sale that drew Houston Rockets' owner Leslie
Alexander, two people with direct information said.
The company sold 600 million new shares, a 25 percent stake,
at HK$5.28 apiece in Hong Kong, the top end of a HK$4.28 to
HK$5.28 range, said the people, declining to be identified
before an official statement. The initial public offering values
the Jinjiang, Fujian-based company, which tripled profit last
year, at just over $1.6 billion.
Read more at Bloomberg Emerging Markets News
largest maker of athletic shoes, raised HK$3.17 billion ($405
million) in a share sale that drew Houston Rockets' owner Leslie
Alexander, two people with direct information said.
The company sold 600 million new shares, a 25 percent stake,
at HK$5.28 apiece in Hong Kong, the top end of a HK$4.28 to
HK$5.28 range, said the people, declining to be identified
before an official statement. The initial public offering values
the Jinjiang, Fujian-based company, which tripled profit last
year, at just over $1.6 billion.
Read more at Bloomberg Emerging Markets News
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