** Shares of ANTA Sports Products Ltd fall as much as 7.5% to HK$130.20, their lowest since April 8, after the home-grown sportswear maker says controlling shareholder plans sale of $1.49 bln shares
** Stock last down 7.4%, on track for its worst day since March 18, 2020; the most actively traded by turnover and the sixth-biggest percentage decliner on the Hong Kong bourse
** Fujian, China-based ANTA Sports says its controlling shareholder has planned sale of 88 mln existing shares, or about 3.26% stake, in a placement
** The shares will be sold at HK$131.48 each, or 7.5% discount to Tuesday's close
** The Hong Kong Hang Seng Commerce & Industry Index falls 1.6%
** The Hang Seng China enterprises index slips 1.2%, and the benchmark index slides 1.3%
** As of the previous close, ANTA Sports shares had risen 15.7% this year
(Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)
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