miniarcadepacman| Changes in Hong Kong stocks| Xtep International (01368) is now up more than 4% and all the proceeds from the company's plan to divest loss-making business will be used to pay special dividends

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Zhitong Financial APP learned thatMiniarcadepacmanSpecial step International (01368) is now up more than 4%, up 4% as of press time.Miniarcadepacman.29%, report 5Miniarcadepacman84 Hong Kong dollars, with a turnover of 33.4226 million Hong Kong dollars.

On the news side, Special step announced that it intends to strategically sell its "Galaxy" and "Paladin" brands to the Ding family, a major shareholder, for $151 million.MiniarcadepacmanAnd used all the $151 million received to pay special dividends. Shen Wanhongyuan (000166) pointed out that this transaction contains multiple advantages, and while the special dividend brings direct high returns, the divestiture of lossmaking businesses will also enhance the performance of listed companies. In the future, the company will focus on the running track, concentrate more resources on the development of running business, and consolidate the dominant position.

miniarcadepacman| Changes in Hong Kong stocks| Xtep International (01368) is now up more than 4% and all the proceeds from the company's plan to divest loss-making business will be used to pay special dividends

The bank pointed out that the current steady growth of terminal sales, the full year to maintain double-digit pipeline growth target. 24Q1 main brand omni-channel flow increased by a high number of units compared with the same period last year. According to the company's public performance exchange meeting, the number of units in omni-channel flow increased from January to February, and sales accelerated in March under the pull of new products such as Volkswagen carbon board running shoes 360X. In the follow-up, it is expected that terminal sales are expected to show an improvement trend driven by factors such as the relief of high base pressure and the Paris Olympic Games in July. The company still maintains a double-digit growth target for the whole year.