){kind=logo}
Loeb & Loeb represented Xtep International Holdings Limited, a leading multi-brand sportswear company listed on the Main Board of the Hong Kong Stock Exchange, in its top-up placement of 90,909,000 new shares and issuance of HK$500 million in 1.5% listed convertible bonds due 2026, raising a total of HK$1 billion.
The proceeds from the transactions, completed in February 2025, will support the development of Xtep International’s direct-to-consumer business model for its core Xtep brand and the Saucony brand, enhance Saucony’s branding initiatives and product offerings, and provide additional working capital.
The Loeb team was led by Capital Markets partners Michael Fung and Jeffrey Kung and included counsel Emily Fan and associates Edgar Siu and Samantha Lock.
The proceeds from the transactions, completed in February 2025, will support the development of Xtep International’s direct-to-consumer business model for its core Xtep brand and the Saucony brand, enhance Saucony’s branding initiatives and product offerings, and provide additional working capital.
The Loeb team was led by Capital Markets partners Michael Fung and Jeffrey Kung and included counsel Emily Fan and associates Edgar Siu and Samantha Lock.
-
Partner -
Partner -
Counsel
-
Counsel -
Associate