Home / Knowledge / News / Apparel/Garments / Chinese sportswear brand Exceed to be listed in US
Chinese sportswear brand Exceed to be listed in US
23
Oct '09
Exceed Company Ltd. the successor to 2020 ChinaCap Acquirco, Incannounced the completion of the acquisition of the outstanding shares of Windrace International Company Limited and the redomestication of 2020 to the British Virgin Islands through a merger of 2020 with and into the Company. The transaction was approved by the stockholders of 2020 at its special meeting on October 19, 2009 as described in its Registration Statement on Form S-4, as amended.

"We are very proud to announce the completion of this strategic transaction with 2020 and New Horizon Capital," stated Mr. Lin Shuipan, Chairman and CEO of Exceed. "Exceed is the first Chinese sportswear brand to be listed in the US. Sportswear consumption in China is experiencing rapid growth, making this a highly attractive segment of the consumer market. We look forward to deploying the capital from this transaction to execute our growth strategy and to solidify our position as the premier sporting goods company in China."

Excluding the underwriters' options, after the completion of the Acquisition and the Redomestication, there are currently 18,371,439 ordinary shares of Exceed outstanding as well as 10,890,000 warrants to purchase ordinary shares of Exceed.

Exceed Company Ltd. designs, develops and engages in wholesale of footwear, apparel and accessories under its own brand, XIDELONG, in China. It is one of the leading domestic sports and leisurewear brands in China in terms of market share by sales revenue. Since operations began in 2002, Exceed has experienced significant growth in the mass market concentrated in the second and third tier cities in China and has established a market leading position as one of the top five Chinese sportswear brands. Exceed has three principal categories of products: (i) footwear, which comprises running, leisure, basketball, skateboarding and canvas footwear, (ii) apparel, which mainly comprises sports tops, pants, jackets, track suits and coats, and (iii) accessories, which mainly comprise bags, socks, hats and caps. Exceed Company Ltd.

Exceed Company Ltd

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search