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Peak Sport Products Co Ltd (1968.HK)

1968.HK on Hong Kong Stock

2.59HKD
24 Oct 2016
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Latest Key Developments (Source: Significant Developments)

Peak Sport Products says Xu'S Sport requests board for privatisation of company<1968.HK>
Tuesday, 26 Jul 2016 12:21am EDT 

Peak Sport Products Co Ltd <1968.HK>: Offeror requested the board to put forward a proposal to the scheme shareholders for the privatisation of the company . Scheme will provide that the scheme shares will be cancelled in exchange for hk$2.60 in cash for each scheme share . Xu'S Sport is the concerned offeror . Amount of cash required to satisfy consideration payable for cancellation of scheme shares is approximately hk$2.41 billion . Application has been made for resumption of trading of shares with effect from 1:00 p.m. on 26 July 2016 .  Full Article

Peak Sport Products updates on possible privatisation<1968.HK>
Tuesday, 24 May 2016 08:54am EDT 

Peak Sport Products Co Ltd <1968.HK>: Application has been made for the resumption of trading with effect from 9:00 a.m. on 25 may 2016 . Ever sound development has informed co that it is in the preliminary phase of considering proposing a scheme of arrangement . Scheme of arrangement,if proceeded with, could result in privatisation and delisting of the company from the Stock Exchange .  Full Article

Peak Sport Products says tsOi Ka Ho resigned as CFO<1968.HK>
Sunday, 22 May 2016 06:30pm EDT 

Peak Sport Products Co Ltd <1968.HK>: Tsoi Ka Ho has resigned as the company's chief financial officer . Xu Zhihua, the chief executive officer and an executive director of the company, assumes the responsibilities of the chief financial officer .  Full Article

Peak Sport Products Co Ltd to distribute interim dividend
Thursday, 13 Aug 2015 12:23am EDT 

Peak Sport Products Co Ltd:To distribute an interim dividend of HK8 cents per share for the six months ended 30 June 2015.The interim dividend is expected to be paid on Sept. 25 to all shareholders whose names appear on the register of members of the company on 11 Sept.  Full Article

Peak Sport Products Co Ltd announces completion of placing of existing shares and subscription of new shares under general mandate
Tuesday, 7 Jul 2015 04:20am EDT 

Peak Sport Products Co Ltd:Says completion of the Placing took place on June 25 and a total of 280,000,000 Shares were successfully placed to not less than six Placees at the Placing Price.Board announce that all the conditions of the Subscription were fulfilled and completion of the Subscription took place on July 07 whereby a total of 280,000,000 Subscription Shares were allotted and issued to the Vendor at the Subscription Price.Says net proceeds from the Subscription are approximately HK$680 million and are intended to be used predominantly for funding sponsorship and promotional activities to strengthen the Group’s image and brand recognition globally.Also uses for funding daily operations of the Company and its overseas subsidiaries, and repayment of bank loans denominated in foreign currencies.  Full Article

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BRIEF-Peak Sport Products updates on privatisation of co by offeror

* Proposed privatisation of peak sport products co., limited by offeror by way of a scheme of arrangement