Lululemon Founder Subscribe For Anta New Stock And 100% Owned Investment Vehicles.

After May 31st, Anta sports announced that it would conclude a subscription agreement between Anta and subscribers in May 30, 2019.

Accordingly, the subscriber has the right to subscribe to the shares at HK $49.11 per share at the subscription price, while Anta has the conditions to distribute and issue subscription shares at the above subscription price.

Subscriber is the investment tool owned by lululemon Dennis J.Wilson 100%.

Anta said, "Mr. Wilson is the chairman of Hold It All Inc. and a forerunner of vertical retailing and technology clothing.

As the founder of lululemon, Mr. Wilson is an expert in designing technical fabrics and introducing technical clothing into the global market.

Mr. Wilson retained most of the rights and interests in lululemon athletica Inc. as well as a diversified portfolio of private equity, Private Companies, open securities and real estate. "

Anta and Dennis J.Wilson have had capital cooperation in the past. In December 7, 2018, the consortium of Anta sports, Fang Yuan capital, Anamered Investments and Tencent announced that through the joint establishment of a new company, the cash offer to buy Amer Sports (AMEAS.HE, amamin sports) all issued and issued shares.

The offer price per share is 40 euros, which is 43% higher than its 3 month unweighted average paction price.

The tender offer is worth about 4 billion 600 million euros (about 36 billion yuan at the prevailing exchange rate).

Anamered Investments is an investment company held by lululemon founder Dennis J.Wilson.

The subscription shares account for about 0.59% of the issued share capital of Anta on the date of the subscription agreement, and about 0.59% of the issued share capital of Anta company after the issuance and subscription of shares.

The subscription price is about 1.19% discount on the final trading day at the Hong Kong Stock Exchange's HK $49.70 share at the closing price of the stock exchange. The final five consecutive trading days at the end of last trading day (including that date) were approximately 0.89% discount on the average closing price of HK $49.55 per share at the stock exchange. The average closing price of the Hong Kong Stock Exchange at the end of last trading day (including that date) was HK $50.13 per share, which was about 2.02%.

"We believe that this move indicates that a big coffee company and important strategic partners have voted for confidence, which helps to help Anta enhance its value through Wilson's strong financial resources and extensive network of business," he said.

In May 30th, the US short selling agency BLUE ORCA was short of Anta, and its founder, Soren Aandahl, publicly expressed doubts about the accounting and corporate governance level of Anta sports (2020HK).

He expects Anta's share price to fall by 34%.

Affected by this, Anta shares fell 12% yesterday, closing 5.53% on the same day.

Today (May 31st), Anta shares rose 2.24% to 48 Hong Kong dollars, with a market value of HK $128 billion 900 million.