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 ...
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