Article: ANTA SPORTS TO ACQUIRE FILA BRAND UNDER BELLE


AsiaInfo Services
08-13-2009
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Anta Sports to Acquire Fila Brand under Belle

SHENZHEN, Aug 13, 2009 (SinoCast Daily Business Beat via COMTEX) -- Anta Sports Products Limited (SEHK: 2020) announced on August 12, 2009 that it had inked an agreement with well-known footwear maker Belle, planning to acquire two subsidiaries under the latter.

The Hong Kong-listed company said one of its wholly-owned subsidiaries would buy an 85% stake in Full Prospect from Belle at HKD 600 million at most. In addition, the Anta subsidiary also would acquire a 100% stake in Fila Marketing on premise of that Lead Chance, current controlling shareholder of Fila Marketing, gives up ...

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