Nike Will Spend $12 Billion To Buy 11% Shares.

According to new media news,

It is announced that it will spend 12 billion US dollars to repurchase 11% shares in the next four years and divide the stock into two parts, namely, the division of common stock and class B common stock.

Nike group, the world's largest sporting goods manufacturer, has announced that the group plans to spend $12 billion in the next four years to repurchase 11% shares and split the shares into two.

Nike said that the board of directors of the group has approved a 1:2 stock split plan, namely the division of class a common stock and B common stock.

The stock split will take 100% dividends in December 23rd this year.

It is estimated that after the completion of the split, the total volume of outward shares of Nike A-class common stock and B class common stock will increase to about 353 million shares and 1 billion 360 million shares respectively.

Nike said the move would help enhance investor confidence in the group.

Statistics show that Nike's last stock split took place in December 2012.

When the stock split was completed, Nike's A-class shares and B shares increased to 178 million shares and 720 million shares respectively, allowing Nike's share price to soared by 45% in the short term.

This year, the performance of the Chinese market directly led to Nike's performance. The group's net profit increased by 22% to US $3 billion 270 million in the fiscal year ended May, and its revenue grew by 10% to US $30 billion 600 million.

Among them, China achieved a revenue of 3 billion 67 million US dollars, an increase of 18% over the same period last year.

Nike said the group is very concerned about China's macroeconomic fluctuations and has effectively increased the Chinese market through refurbishment of stores, accelerated online sales and sponsorship of sporting events.

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It is worth noting that Mark Parker, President and chief executive of Nike group, is launching an ambitious plan.

In its latest five year plan, Nike group said it will promote e-commerce.

The growth of products has reached the goal of breaking through US $50 billion in fiscal year 2020, consolidating the position of the largest sporting goods manufacturer in the world.

The target of US $50 billion means that the growth rate of revenue in the next five years will further increase from 63.4% in the same period last year to 63.4%, far exceeding the 39% of market expectations.