PE-owned Belle to spin-out Chinese sports retail business
Belle International – the Chinese footwear retailer privatized by Hillhouse Capital and CDH Investments just over two years ago – is spinning out its sports retail unit through an IPO.
Topsports International Holdings plans to raise HK$9.39 billion ($1.2 billion) through the sale of 930.2 million shares at HK$10.10 apiece, according to a prospectus. This would give the business a market...
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