Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Xtep expects PRC sportswear industry will continue to flourish
Xtep expects PRC sportswear industry will continue to flourish
Aug '08
Xtep International Holdings Limited a leading fashion sportswear enterprise in the PRC, is pleased to announce that Carlyle Investment Fund, the strategic investor of the Group, has increased its shareholding in Xtep International.

Carlyle Investment Fund ("Carlyle Fund") has recently acquired 6,675,000 shares of Xtep International at an average price of HK$2.9 per share, raising its stakes to a total of 202,430,000 shares.

Since the Group's successful listing on the Main Board of the Hong Kong Stock Exchange on 3 June 2008, Carlyle has accumulated a total of 43,914,500 shares with its aggregate shareholding increasing from 7.21% to 9.2%. The total consideration amounted to approximately HK$140 million.

Regarding the share purchase, Mr. Ding Shui Po, Chairman and Chief Executive Officer of Xtep International expressed his sincere gratitude to Carlyle Fund for their continuous support.

He said, "The presence of Carlyle Fund has added strategic value to our Group, reinforcing our corporate governance practices.

Their recent act of share purchase showed their strong confidence in the Group's operations and promising prospects.

With the steady growth of the PRC's economy that boosting the purchasing power of the PRC consumer, we expect the fashion sportswear industry in the PRC will continue to flourish.

We will proactively seize opportunities to promote our Group's brand name and to strengthen our R&D capabilities as well as broadening our distribution network, in order to generate the best returns to our shareholders."

Xtep International Holdings Limited

Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhishek Samdaria, Reflete

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Kevin Nelson, TissueGen

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

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

news category

Related Categories:

Advanced Search