GC
Viva eyes up to HK$1.5bn from Li Ning block
Viva China Holdings is selling a chunk of stock in sportswear manufacturer Li Ning Co worth as much as HK$1.51bn ($194.3m).
The vendor is offloading 70m secondary shares, equal to 2.85% of Li Ning’s existing share capital, according to a deal term sheet seen by GlobalCapital Asia.
Sole bookrunner HSBC launched an accelerated bookbuild for the trade on Tuesday, after Hong Kong markets closed. It is marketing the stock ...Please take a trial or subscribe to access this content.
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