国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Shoe maker Anta may raise US$405m in IPO

By ()
Updated: 2007-06-21 16:02

Anta Sports Products Ltd, China's largest maker of athletic shoes, may raise HK$3.17 billion (US$405 million) in a share sale that attracted Houston Rockets' owner Leslie Alexander, two people familiar with the deal said.

The company will sell 600 million new shares at HK$4.28 to HK$5.28 each in Hong Kong, said the sources, declining to be identified before an official statement. The initial public offering values Anta, which tripled profit last year, at up to US$1.6 billion.

Alexander will invest HK$234.5 million in the IPO, according to Bloomberg News. China's Yao Ming, whose play in the National Basketball Association helped propel the game's popularity in China ahead of the 2008 Beijing Olympics, is the Rockets' center.

"We like the market-leading position that Anta has created in the sporting goods field," said Andy Mantel, managing director at Pacific Sun Investment Management Ltd in Hong Kong, adding that he's interested in buying the stock.

Chinese consumer-goods firms, including Belle International Holdings and Intime Department Store (Group) Co, have gone public this year, taking advantage of soaring valuations to raise funds.

The nation's sportswear market is growing about 23 percent annually, according to Daiwa Securities Group Inc, which is helping arrange the IPO.

Last year, Anta had the largest share of the athletic shoes market in China, according to its Website. The company, with 4,000 sales outlets operated by agents and third parties, has the second-biggest distribution network among China's sporting goods makers, after Li Ning Co, Daiwa said.

The high end of the price range values Anta at 19.7 times its estimated 2008 earnings, the people said. Nike Inc, the world's largest maker of athletic shoes, trades at 16.7 times next year's earnings.

Anta had 3.2 percent of China's overall sportswear market in 2005, trailing Nike's 13.1 percent, Adidas with 12.3 percent and Li Ning on 9.6 percent, according to a share sale document distributed to fund managers yesterday that cited ZOU Marketing, a Shanghai-based sports consultant firm.


(For more biz stories, please visit Industry Updates)


漳州市| 新泰市| 那曲县| 平塘县| 汝南县| 兰西县| 札达县| 通山县| 丹东市| 平罗县| 临湘市| 扎赉特旗| 东乡族自治县| 平陆县| 贵州省| 厦门市| 华阴市| 龙泉市| 昭通市| 安达市| 钦州市| 秦皇岛市| 宾川县| 溧阳市| 雅安市| 中阳县| 社旗县| 神木县| 兴和县| 汉川市| 伊宁市| 绥化市| 卢氏县| 丹棱县| 平泉县| 常山县| 洪湖市| 卓尼县| 邯郸县| 大庆市| 鹰潭市|