A subsidiary of Li Ning, Shanghai Double Happiness Company, is increasing its stake in Suzhou Double Happiness Guan Du Sports Equipment, maker of table tennis equipment under the Double Happiness brand, to 75 percent by buying an additional 20 percent in the company for RMB 6.42 million (€631,200-$940,600). Following the transaction, according to reports, Shanghai Double Happiness intends to invest RMB 4.08 million (€401,200-$597,960) in the firm, while its minority owner, Wujiang Daober Sports Equipment, will put in RMB 1.36 million (€133,700-$199,300).