Anta (02020) Or Sell Up Brand Similar Listing Incentives

Anta sports (02020.HK) shares may take a good turn; the company sells international brand retail business cash in hand, with two new shoe stocks Baosheng international and XTEP international will soon be listed, or favorable to its stock price.

Anta sells Shanghai international frontline sportswear retail business for about 190 million yuan to raise the rate of return and focus on the development of its own brand business.

This will make Anta's business focus more focused and good long-term business development. With Baosheng and XTEP going public in Hong Kong, it has been reported that two shares of international sales have been in full, Anta has the concept of shadow stocks, plus Olympic Games approaching, or short-term stock price performance.

Anta fell 1.9% to HK $8.89 last Friday (19), with a turnover of 60% to 1 million 270 thousand shares.