China's Anta Sports announces up to $1.3b share buyback plan

China's Anta Sports announces up to $1.3b share buyback plan

FILE PHOTO: A man walks past a store of Chinese sportswear firm Anta Sports at a shopping mall in Beijing, China March 25, 2021. REUTERS/Florence Lo/File Photo

Chinese sportswear maker Anta Sports on Tuesday said it will spend up to HK$10 billion ($1.28 billion) to buy back up to 10% of its shares in a bid to protect shareholders’ interests.