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LI NING May Reportedly Receive Stake Hike from Founder
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LI NING (02331.HK) Founder Li Ning is considering increasing his stake in the company to gain more control over future strategic plans, Bloomberg cited people with the knowledge of the matter. Li Ning currently holds a 10.5% stake in the company. Li Ning is reportedly evaluating various options, including possibly bringing in private equity partners to help finance a deal to increase his stake in Li Ning. A representative of Li Ning said that the company has not yet received relevant information. LI NING's share price opened 0.4% lower today (3rd) and then rose slightly in the morning session. At midday, it closed at $16.2, up 0.87%, with 38.2189 million shares traded, involving $602 million. AAStocks Financial News |
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