Xtep International Plans Major Financial Decisions

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

Xtep International Holdings has announced an upcoming extraordinary general meeting on August 23, 2024, to discuss key resolutions including the approval of a share disposal agreement, the declaration of a special dividend, the subscription of convertible bonds, and a waiver regarding non-competition restrictions. The meeting will address the disposal of KP Global Investment Limited’s shares and the issuance of 3.5% convertible bonds due 2032, signaling significant financial movements that could interest shareholders and investors alike.

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