Li Ning block fetches $194m for Viva

Sport 230x150
By Jonathan Breen
01 Apr 2020

Viva China Holdings has bagged HK$1.51bn ($194.3m) after selling a block of shares in Chinese sportswear manufacturer Li Ning Co at the top of the marketed range.

Viva jumped at the chance to offload 70m of its shares in Li Ning, equal to 2.85% of the firm’s share capital, on Tuesday evening.  Sole bookrunner HSBC launched an accelerated bookbuild for the sale at around 5.20pm local time in Hong Kong.

It marketed the stock ...

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