China's Anta Sports controlling shareholder plans sale of shares worth $1.49b

China's Anta Sports controlling shareholder plans sale of shares worth $1.49b

Various models from the Redster collection of skis stand on display at the Atomic Austria GmbH, a unit of Amer Sports Oyj, pro center manufacturing facility in Altenmarkt im Pongau, Austria. Photographer: Lisi Niesner/Bloomberg

ANTA Sports Products Ltd, China’s homegrown sportswear maker, said on Wednesday that its controlling shareholder has planned a sale of about 3.26% stake in the company for HK$11.57 billion ($1.49 billion).