China's Peak Sport chairman offers $310m to take it private

China's Peak Sport chairman offers $310m to take it private

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

The chairman of China’s Peak Sport Products, which sponsors several U.S. basketball teams, plans to the take the company private for around $310 million, saying the sportswear maker’s weak share performance had hurt its reputation.

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