News

Privatisation of Pou Sheng off after shareholder vote

17/04/2018

Chinese sportswear distributor and retailer Pou Sheng has announced that plans by its parent company, Pou Chen, to take it private have been cancelled after more than 10% of its shareholders voted against the proposal. In January, footwear manufacturing group Pou Chen made an offer of nearly HK$11 million ($1.4 billion at the time) to privatise...

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