Lates News

On August 27th, Ding Shizhong, Chairman of the Board of Directors of ANTA Group, released a letter to shareholders. In the letter, Ding Shizhong stated that ANTA Group will never chase short-term profits. Since its listing in Hong Kong in 2007, the stock value of ANTA has increased nearly 20 times from the initial 5.28 Hong Kong dollars to today. In terms of mergers and acquisitions, the company completed the acquisition of Jack Wolfskin in the first half of this year. Ding Shizhong stated that a joint management team has been set up to develop a 3-5 year revival plan within this year. In addition, ANTA Group will invest in MUSINSA China by holding a 40% stake. "This is not deviating from the main track but is better connecting to the trend of young consumers," explained Ding Shizhong.