On September 26, domestic sports brand Peak Sports announced that it has received strategic lead investment from China Resources Xiamen Consumer Fund, CCB Trust and its subsidiary CCB (Beijing) Investment and other state-owned fund companies and multiple markets chemical investment company.
Nearly five years after privatization, Peak completed a new financing.
On September 26, domestic sports brand Peak Sports announced that it has received strategic lead investment from China Resources Xiamen Consumer Fund, CCB Trust and its subsidiary CCB (Beijing) Investment, etc. A number of state-owned fund companies and a number of market-oriented investment companies jointly invested strategically, with a financing amount of nearly 1.5 billion yuan. Yikai Capital served as the exclusive financial advisor for this round of financing.
Regarding the use of this financing, Peak Sports CEO Xu Zhihua told the media that it will be mainly used for technology research and development, brand building, channel development and product upgrades.
Xu Zhihua also said: “There will be new financing in the future, and the company will also work hard in the direction of socialization.” However, regarding matters related to listing, Xu Zhihua said it is not convenient to discuss at the moment, ” The current focus is to accelerate transformation and upgrading in all aspects and improve consumer experience.”
At the same time, according to 36Kr citing sources familiar with the matter, Peak’s A-share listing is being promoted. The first application materials are expected to be submitted next year. In this regard, the relevant person in charge of Peak Sports told a reporter from Blue Whale Finance: “It is being prepared, and there is no specific time yet.”
It is not without reason that Peak will restart its listing. This year, domestic production Sports shoes and apparel brands have achieved good results in the capital market. According to data, since the beginning of the year, the share price of Li Ning (2331.HK) in Hong Kong stocks has increased by 67%, Anta Sports (2020.HK) has increased by 17%, and 361 Degrees (1361.HK) and Xtep International (1368.HK) have increased by as much as 242%. and 202%.
At the same time, the share price of ST Guiren (603555) in the A-share market also rose by more than 30%.
Public information shows that Peak was founded in 1989 and is headquartered in Quanzhou City, Fujian Province, China. It is mainly engaged in the design, development, manufacturing, distribution and promotion of Peak’s “PEAK” brand sports products. (including sports shoes, clothing and accessories), has nearly thirty years of professional R&D, manufacturing and sales experience.
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