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Pou Chen bids to take its retail subsidiary private

26/01/2018

Taiwanese footwear manufacturing group Pou Chen has made an offer of nearly HK$11 million ($1.4 billion) to privatise Chinese sportswear distributor and retailer Pou Sheng, one of its subsidiary companies. Sports shoe manufacturer Yue Yuen, also a subsidiary of Pou Chen, will sells its 62.41% stake in Pou Sheng for HK$6.8 billion ($870 million)...

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