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Nike supplier risks own goal with US$1.4b buyout

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Published Mon, Jan 22, 2018 · 09:50 PM

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Hong Kong

THE world's biggest shoemaker risks scoring an own goal.

Taipei-listed Pou Chen, which makes running shoes for Nike, Adidas and many other brands, has offered to buy full control of Pou Sheng in a deal valuing the Hong Kong-listed retailer at HK$10.9 billion (US$1.4 billion).

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