GLONGHUI, May 13 | CICC released a research report stating that TEP plans to sell KP Global, which owns K-Swiss (K-Swiss) and Palladium (Palladium) brands, to the controlling shareholder Ding's family for US$151 million. After the transaction is completed, the company plans to declare a special dividend. The bank said that if the deal can be implemented, it is expected that the company's profitability will improve markedly. Additionally, after KP Global issues convertible bonds to the company, it is estimated that the company will receive more than 5 million US dollars of interest income from KP Global every year, and after deducting interest payments, the company may receive an additional annualized interest income of more than 20 million yuan. According to the bank, considering that the transaction matters have not yet been implemented, it will temporarily maintain the company's 2024 and 25 earnings estimates of $0.45 and $0.52 per share, respectively, maintain the “outperform the industry” rating, and raise the target price by 20% to HK$6.58.