The Zhitong Finance App learned that TEP International (01,368) fell by more than 4%. As of press release, it fell 4.06% to HK$5.44, with a turnover of HK$4.0893 million.

According to the news, Teb International previously announced that it plans to sell the Gestway and Palatin brands for 150 million US dollars to reduce the burden of brand losses. After the sale is completed, the company's board of directors plans to pay a special dividend of approximately US$150 million to give back to investors.

Tianfeng Securities pointed out that after the divestiture of the brand, financial performance is expected to be further optimized. At the same time, the business side will focus more on running tracks, and Saucone and Millet are expected to accelerate growth. Considering that the transaction has not yet been completed, the bank will not adjust the profit forecast for the time being.