In its quest to become a multi-brand conglomerate, Li Ning...

2007-11-26T00:00:00

In its quest to become a multi-brand conglomerate, Li Ning has acquired a 57.5 percent stake in Double Happiness, a Chinese supplier of table tennis and badminton equipment, for 305.3 million (€27.8m-$41.2m) renmimbi in cash. The company had earnings of RMB18.8 million (€1.7m-$2.5m) in 2005 and RMB25.1 million (€2.3m-$3.4m) in ...

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