Xtep Announces Strategic Divestiture of K-Swiss and Palladium and Enhanced Financial Structure
Unlocking Value and Focusing on Core Strengths of the Professional Sports Segment HONG KONG, May 9, 2024 - (ACN Newswire) - Leading PRC-based professional sportswear enterprise Xtep International Holdings Limited (the “Company”, together with its subsidiaries, the “Group” or “Xtep”) (Stock code: 1368.HK) today announced the strategic divestiture of its wholly owned subsidiary KP Global Investment Limited (“KP Global”), which owns the K-Swiss and Palladium brands, as well as a series of financing instrument restructuring exercises aimed at optimizing its portfolio and strengthening its core bus...