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Chinese sportswear firm Li Ning to raise US$241 mil. in share sale

AFP
January 26, 2013, 12:02 am TWN

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HONG KONG -- Leading Chinese sportswear firm Li Ning Company said Friday it plans to raise up to HK$1.87 billion (US$241 million) through a share sale to revitalize its brand and stimulate business development.

The Hong Kong-listed company plans to raise HK$1.85 billion to HK$1.87 billion via an open offer of convertible securities to provide funding to optimize its capital structure, a group statement said.

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