Peak Sport IPO
September 29, 2009
Peak Sport Products Co., Limited (HKEx Stock Code: 1968), together with its subsidiaries the “Group”), a well-known branded sportswear company in China, commenced trading on the Main Board of The Stock Exchange of Hong Kong limited (“HKEx”) today.
Credit Suisse (Hong Kong) Limited is the Sole Global Coordinator and Sole Bookrunner, while Credit Suisse (Hong Kong) Limited and CCB International Capital Limited are the Joint Sponsors and Joint Lead Managers in relation to the listing of the Company.
Mr. Xu Jingnan, Chairman and Executive Director of the Company, said, “Our listing in Hong Kong is an important milestone for the Company. Established in 1988, we have been striving to build an international brand with our business strategies of product professionalism and diversification over the past two decades. Through our concerted efforts, we have successfully established a professional sportswear brand which is highly recognized nationwide. Our business has also been expanding continuously, with high growth in sales and profits recorded over the past few years. Going forward, we will utilize the raised proceeds in an effective manner and will continue to enhance our brand image and brand management, as well as strengthening our R&D capabilities in an effort to further increase market share. We aim at becoming a leading branded sports products and sportswear company in China and in the world.”
