Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif (Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million on August 8, 2022. For the year ended December 2021, the Total Assets were CNY 374 million, Net Worth was CNy 187 million, Sales were CNY 466 million, Operating Income was CNY 16 million and Net Income was CNY 12 million. Transaction is expected to close on October 1, 2022.

Descente Ltd. (TSE:8114) completed the acquisition of 10% stake in Le Coq Sportif (Ningbo) Co., Ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. in third quarter of 2022.