ANTA Sports (2020, 82020) Announces Major Transaction: 29.06% Stake Acquisition in PUMA SE

Bulletin Express
02/13

ANTA Sports Products Limited (stock codes 2020 and 82020) announced that, as disclosed on 26 January 2026, it plans to acquire a 29.06% equity interest in PUMA SE. This acquisition meets the threshold for a major transaction under Chapter 14 of the Listing Rules, as the highest applicable percentage ratio is above 25% but below 100%. Consequently, reporting, announcement, and shareholder approval requirements apply.

According to the company’s statement, no shareholders are required to abstain from voting on the acquisition. Written shareholders’ approvals were obtained from Anta International and its wholly owned subsidiaries, which collectively hold approximately 52.83% of total issued shares. As a result, no general meeting is necessary, and the acquisition will proceed under written approval.

A circular containing further information on the share purchase agreement is required to be sent within 15 business days from the date of the first announcement. However, the company has applied for an extension to dispatch this circular on or before 24 April 2026 in order to finalize certain details before distribution.

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