Li Ning sports new equity deal

Chinese sports brand launches its third equity fund raising in as many years as share price continues to collapse.

Li Ning sports new equity deal

Chinese sports brand Li Ning announced a third equity fundraising in as many years on Tuesday in an attempt to improve its cash position and reverse a steep share price decline. 

The company unveiled the launch of a five-for-12 open offer of ordinary shares and convertible securities that aims to raise between HK$1.5 billion and HK$1.69 billion $190 million to $218 million. Its enlarged share capital will expand by 29% as...

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