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Viva China Holdings Limited ( (HK:0933) ) just unveiled an announcement.
Viva China Holdings Limited has announced the acquisition of an additional 28,757,000 shares of Li Ning Company Limited on the open market, amounting to approximately HK$455,109,000. This acquisition increases Viva China’s stake in Li Ning, a leading sports brand enterprise in the PRC, to 12.34%, enhancing its position in the sports apparel and footwear industry. The transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, reflecting a strategic investment move by Viva China to strengthen its market presence.
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. The Acquirer, a wholly-owned subsidiary of Viva China, focuses on investment holding.
Average Trading Volume: 3,929,103
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.73B
For a thorough assessment of 0933 stock, go to TipRanks’ Stock Analysis page.