Xtep Clarifies Details on Financial Transactions

Xtep International Holdings (HK:1368) has released an update.

Xtep International Holdings Limited has provided supplemental information concerning various financial activities, including clarifying the issuance of convertible bonds and the conditions tied to these transactions. The company has detailed the non-dependency of issuing Xtep Convertible Bonds on the completion of the disposal of KP Global, and outlined the principal amount for KP Convertible Bonds post-disposal. Additionally, Xtep has specified the conditional nature of the Call Option’s exercise in relation to the Disposal’s completion.

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