On a day when most of AsiaÆs markets were up significantly in response to a strong day on Wall Street, Li NingÆs founder and chairman raised HK$588 million $75 million from an upsized share placement, taking advantage of positive sentiment surrounding the company following a positive earnings report and a buying spree ahead of the stockÆs inclusion in the FTSE Asia-Pacific index today.
The Hong Kong-listed sports retailer is still trading 28% below...
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