Chinese sportswear manufacturers Pou Sheng International Holdings Ltd and Xtep International Holdings Ltd aim to profit from the Olympic buzz by increasing Hong Kong share sales to as much as USD784m.
Media reports that Pou Sheng International, a spin-off from sports shoe maker Yue Yuen Industrial and a former provider for Nike and Adidas, is offering stock equaling a
23.2 per cent stake, for HKD3.09 bn. Xtep, in which US private equity company Carlyle Group has a stake, may be selling a 25
per cent stake, to the equivalent of HKD3.03 bn.
Both IPOs are scheduled to start in the first week of June.
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