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Viva China Holdings Limited ( (HK:0933) ) has shared an announcement.
Viva China Holdings Limited announced the acquisition of an additional 19,163,000 shares of Li Ning Company Limited, representing approximately 0.74% of Li Ning’s total issued shares. The acquisition, valued at approximately HK$321,875,000, was completed through the Stock Exchange and settled in cash with external financing. This transaction, classified as a discloseable transaction under the Listing Rules, strengthens Viva China’s position in the sports brand market, particularly in the PRC, where Li Ning is a leading sports brand enterprise.
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. It is incorporated in the Cayman Islands and its shares are listed on the Main Board of the Stock Exchange.
Average Trading Volume: 4,385,640
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.08B
For detailed information about 0933 stock, go to TipRanks’ Stock Analysis page.