Li Ning will raise new capital to support growth

2014-12-26T00:00:00

Li Ning has announced plans to raise between $1,517.7 million Hong Kong dollars (€159.9m-$195.5m) and HK$1,694.9 million (€178.4m-$218.4m) from its shareholders, giving them a choice between purchasing ordinary shares or convertible securities. The Chinese sports brands said that the gross proceeds from the open offer would be used to support its ...

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