Xtep International Restructures with Convertible Bonds Issuance

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

Xtep International Holdings Limited has successfully completed the issuance of convertible bonds worth HK$500 million, with the proceeds aimed at redeeming K-Swiss convertible bonds. This strategic move is part of a broader financial restructuring, including the early redemption of KP Global bonds and the issuance of new bonds to bolster financial flexibility. Investors will find the evolving shareholding structure, influenced by these transactions, a critical point of interest.

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