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    2331   KYG5496K1242

LI NING COMPANY LIMITED

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Delayed Quote. Delayed Hong Kong Stock Exchange - 05/20 04:08:13 am
59.6 HKD   +1.62%
04/21UBS Adjusts Li Ning's Price Target to HK$92 from HK$101.8, Keeps at Buy
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China's Li Ning plans $1.4 billion share sale for international expansion

10/27/2021 | 09:27pm EDT
People walk past a store of Chinese sports products brand Li Ning in Beijing

HONG KONG (Reuters) - Chinese sportswear group Li Ning Co Ltd said on Thursday it planned to sell HK$10.5 billion ($1.35 billion) worth of new shares to raise capital for international expansion and for investment in newly launched product categories.

The Beijing-based company plans to sell 120 million new shares, or 4.59% of the enlarged share capital, to its major shareholder Viva China Holdings Ltd, it said in a filing to the Hong Kong bourse.

The new shares will be issued at HK$87.50 apiece, or a 8.09% discount to Wednesday's close, with proceeds also to be used for investment in re-engineered infrastructure and supply chain systems, for brand building and working capital.

Viva will buy the new shares on completion of the sale of the same amount of existing shares at the same price to third-party investors. Its stake in Li Ning will be diluted to 10.37% from 10.87% after the deal.

($1 = 7.7779 Hong Kong dollars)

(Reporting by Donny Kwok; Editing by Christian Schmollinger)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LI NING COMPANY LIMITED 1.62% 59.6 Delayed Quote.-30.17%
VIVA CHINA HOLDINGS LIMITED 4.40% 0.95 Delayed Quote.-38.31%
All news about LI NING COMPANY LIMITED
04/21UBS Adjusts Li Ning's Price Target to HK$92 from HK$101.8, Keeps at Buy
MT
04/20Hong Kong Hang Seng Down 0.4% On China Economic Outlook
MT
04/19Hong Kong Hang Seng Off 2.3% as Pandemic Undercuts China
MT
04/14Hong Kong Hang Seng Index Up 0.7% on Beijing Easing Outlook
MT
04/12Hong Kong Hang Seng Up 0.5% On Beijing Regulatory Outlook
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04/12LI NING COMPANY LIMITED : Mixed general shareholder meeting
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03/22Hong Kong Hang Seng Up 3.2%; Alibaba Buyback Ignites Rally
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03/22LI NING COMPANY LIMITED : Dividends
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03/21Hong Kong Hang Seng Down 0.9%; Property, Tech Issues Renew Slide
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03/18Hong Kong Hang Seng Edges Down 0.4% on Profit-Taking
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Analyst Recommendations on LI NING COMPANY LIMITED
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Financials
Sales 2022 26 776 M 4 001 M 4 001 M
Net income 2022 4 724 M 706 M 706 M
Net cash 2022 18 140 M 2 710 M 2 710 M
P/E ratio 2022 27,8x
Yield 2022 1,12%
Capitalization 133 B 19 843 M 19 843 M
EV / Sales 2022 4,28x
EV / Sales 2023 3,38x
Nbr of Employees 4 019
Free-Float 89,4%
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Li Ning Company Limited Technical Analysis Chart | 2331 | KYG5496K1242 | MarketScreener
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 33
Last Close Price 50,82 CNY
Average target price 72,19 CNY
Spread / Average Target 42,0%
EPS Revisions
Managers and Directors
Ning Li Executive Chairman & Co-Chief Executive Officer
Takeshi Kosaka Co-Chief Executive Officer & Executive Director
Wah Fung Tsang Chief Financial Officer
Can Yu He GM-Apparel Research & Development
Jian Guang Xu GM-Footwear Research & Development
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