HONG KONG -- Chinese athletic apparel maker Peak Sport Products has raised nearly 1.5 billion yuan ($232 million) in a strategic investment led by CR Capital Management, as the company has reportedly planned an initial public offering on a domestic stock exchange.
CR Capital, a wholly owned subsidiary of Chinese state-owned conglomerate China Resources, led the deal through its 2-billion yuan CR State-Regulated Xiamen Consumption Fund, according to a Sunday news release on Peak's official WeChat account.
