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Viva China Holdings Limited ( (HK:0933) ) has shared an announcement.
Viva China Holdings Limited announced the acquisition of an additional 30,646,500 shares of Li Ning Company Limited, amounting to approximately HK$508,919,000. This acquisition represents about 1.19% of the total issued shares of Li Ning Co and is classified as a discloseable transaction under the Listing Rules. The acquisition was financed through external sources and settled in cash, reflecting the prevailing market prices. This move strengthens Viva China’s investment portfolio and its association with Li Ning, a leading sports brand in the PRC.
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 listed on the Main Board of the Stock Exchange.
Average Trading Volume: 5,036,916
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.78B
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