ANTA Sports Products (HKG:2020) has entered into a joint venture agreement with South Korean fashion platform operator Musinsa to expand into the Chinese market, according to a Wednesday Hong Kong bourse filing.
Under the deal, ANTA will hold a 40% stake and Musinsa 60% in the new venture, which will operate Musinsa's Korean fashion business in mainland China, Hong Kong, and Macao.
Musinsa will manage day-to-day operations, while ANTA will provide strategic and financial oversight.
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