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The Chairman Of XTEP Diving Is Due To Poor Performance Of US Stocks.
Mainland sporting goods company XTEP (01368) listed this morning, its share price dive over 16% and 3.4 yuan lower. XTEP chairman Ding Shuibo said that because of the poor performance of US stocks, he has confidence in the company's future.
As for the rising oil prices, He Ruibo, chief financial officer, said that because the company was a brand, it could pass 100% of the cost to consumers. Last year, the company increased its price by 10%, and this year it will also increase its price by 10%.
Artist and XTEP spokeswoman Nicholas Tse also appeared to support XTEP's listing this morning, but left before 9:30 and did not see the classic scenes of XTEP's stock price.
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