News

On August 27th, Ding Shizhong, Chairman of the Board of Anta Group, published 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 from the initial HKD 5.28 to nearly 20 times the return today. In terms of mergers and acquisitions, the company completed the acquisition of Jack Wolfskin in the first half of this year. Ding Shizhong mentioned that a joint management team has been formed and a 3-5 year revitalization plan will be developed within this year. In addition, Anta Group will invest in MUSINSA with a 40% stake in China. "This is not a deviation from the main track but rather a better alignment with young consumer trends," Ding Shizhong explained