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Nomura: Target price of HK$6.8 for the “Buy” rating from TEP International (01368)
On May 9, Teb International (01368) sold the “K-Swiss” (K-Swiss) and “Palladium” (Palladium) brand businesses, or the entire share capital of KP GLOBAL, to the controlling shareholder Ding's family. The related transaction cost was US$151 million.
Teb International (01368.HK) Company Comment: The company plans to divest the Gesway Palatin brand profit performance or gradually improve
Teb International plans to divest the Gashway & Palatin brands. Trap International issued an announcement stating that it will sell KPGlobal (a wholly-owned subsidiary of TeP International and owns the Gestway and Paladin brands) to Ding Shun, a Ding family holding company
Express News | Teb International rose more than 6% to sell KP Global to controlling shareholder
Featured announcements | SMIC's Q1 net profit of US$71.792 million, down 68.9% year on year; Teb International plans to sell business for nearly HK$1.2 billion
Aobo Holdings' net loss for the first quarter was HK$74 million, a year-on-year narrowing of 91.48%; Huahong Semiconductor's Q1 net profit of US$31.818 million decreased by 79.1% year-on-year.
Express News | Special step: CEO Ding Shuibo and his family will privatize Gashway and Paladin brands at a price of US$151 million
In an area of heavy position, Teb International (1368.HK)'s mid-report record is expected to be drastically reversed
Tep International (1368.HK) (hereinafter referred to as the “Group” or “TEP”) announced that Ding Shuibo, Chairman of the Board of Directors and CEO of the Group, and his family will privatize the Gestway and Palatin brands at a price of US$151 million. This also means that Special Step will focus on areas of strength. All in has been deeply involved in running tracks for 17 years. Further development of running “longboard” is expected to be shown in the mid-term report, leading to a major explosion in performance. Since entering the market in 2007, the market has gradually established the perception that Special Step is “China's first running stock”. When it comes to running, the first thing that comes to mind is Xtrek. September 2022, Special Presenter
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