Li Ning Company (HK:2331) has released an update.
Li Ning Company Limited has announced the formation of a joint venture in the British Virgin Islands to exclusively develop and operate its brand business. The joint venture, which involves partners such as Founder Co and HongShan Venture, aims to handle a wide range of operations including design, manufacturing, and marketing of Li Ning branded products. This strategic move is expected to enhance the company’s market presence and streamline its brand operations.
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