Founder offers to take Peak Sport private

Hot on the heels of Dalian Wanda Commercial Properties, the Chinese sports manufacturer wants to delist from Hong Kong. A domestic listing is widely expected to follow.

Founder offers to take Peak Sport private

Peak Sport Products looks set to become the second company to delist its shares from Hong Kong in less than two months after the Chinese sportswear manufacturer's founder and chairman made a HK$2.4 billion $310 million offer to take the company private. 

The management buyout offer announced on Tuesday comes two months after news broke that Xu Jingnan, who founded Peak Sport in 1989 and took the company public twenty...

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