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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Xtep Involved In Wage Arrears 0 comments
    Apr 22, 2013 10:35 PM | about stocks: XTEPY, XTPEF

    Prepared by ChinaScope Financial | Source:Securities Daily

    • It is reported that Xtep (China) Co., Ltd., the parent company of Xtep International Holdings Ltd. (01368: HKG), had planned to relocate some departments of its Guangzhou-based subsidiary to Xiamen. As a result, more than 40 employees decided to leave the company and asked Xtep to pay their overtime rates. Sources said Xtep need to pay a total of CNY 3.3 million (CNY 1.5 million overtime pay and CNY 1.8 million employee social insurance expenses).
    • The staffers and Xtep have agreed to dissolve the problem via lawsuits.
    Stocks: XTEPY, XTPEF
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