HONG KONG, Sept 7 | Wed Sep 7, 2011 6:55am EDT
HONG KONG, Sept 7 (Reuters) - Chairman and a group of executives of Belle International Holding are selling about $567 million worth of shares in the major Chinese apparel and accessories retailer, according to a term sheet seen by IFR on Wednesday.
The shares are being offered in a range of HK$15.28-HK$15.70 each, against Wednesday's closing of HK$16.26.
The company is a strategic partner of Nike Inc and Adidas AG (ADSGn.DE), which account for more than 80 percent of its sportswear sales. It also distributes Converse, Kappa, Puma, Reebok, Li-Ning Co Ltd and Mizuno sportshoes.
Joint bookrunners of the sale are Credit Suisse and Morgan Stanley . (Reporting by Fiona Lau)
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