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Viva China Holdings Limited ( (HK:0933) ) has provided an announcement.
Viva China Holdings Limited announced the acquisition of 18,092,500 shares of Li Ning Company Limited, a leading sports brand enterprise in the PRC, for approximately HK$274,989,000. This acquisition, representing about 0.70% of Li Ning’s total issued shares, was conducted through the open market and is considered a discloseable transaction under Hong Kong’s Listing Rules. The transaction is expected to enhance Viva China’s investment portfolio and strengthen its position in the sports apparel industry.
More about Viva China Holdings Limited
Viva China Holdings Limited is a multi-brand operator primarily engaged in the design, development, branding, and sales of sports and lifestyle apparel and footwear. The company operates mainly in the United States, the United Kingdom, Europe, the PRC, Hong Kong, Japan, and the Republic of Korea.
Average Trading Volume: 2,387,701
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.54B
Find detailed analytics on 0933 stock on TipRanks’ Stock Analysis page.