Li Ning News
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KKR & Co. is emerging as the global private-equity winner in Asia, beating rivals Carlyle Group LP and TPG Capital in the performance of funds started since 2006 and their latest money-raising efforts.
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Li Ning Co., the largest China- based sportswear company by revenue, posted its first annual deficit since listing in 2004, as slowing economic growth caused sales to fall a second year. The shares fell.
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Wu Liangui left Shanghai’s Xiao Shaoxing restaurant with a delicacy his daughter wants him to avoid. Inside a plastic box were slices of white-cut chicken, traditionally served rare so that blood seeps from the bones.
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Li Ning Co., the Chinese sportswear retailer whose first-half profit fell 85 percent, forecast a “substantial” full-year loss on costs stemming from a plan to revive growth. The stock dropped.
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Li Ning Co. fell by a record after the Chinese sportswear company said it plans to raise as much as HK$1.87 billion ($241 million) offering convertible securities to fund efforts to revive its brand.
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Li Ning Co. fell the most in 18 months after the Chinese sportswear company said it plans to raise as much as HK$1.87 billion ($241 million) offering convertible securities to fund efforts to revive its brand.
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Li Ning Co. surged in Hong Kong trading after its chief executive officer stepped down and private-equity firm TPG Capital said it could boost investment in the sportswear retailer if needed.
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Li Ning Co. dropped the most in almost two months in Hong Kong trading after its founder sold a 25 percent direct stake in the sportswear retailer to Viva China Holdings Ltd., a company he partially controls.
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Li Ning Co., the Chinese sportswear retailer founded by the former Olympic gymnast of the same name, reported a 84.9 percent drop in first-half profit as it closed some stores.
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Coolpoint Energy Ltd. said it will issue new shares to buy a 30.9 percent stake in Li Ning Co. from the Chinese sportswear maker’s founder, an Olympic gold-medal winner, and his family.
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