×
76 686
Fashion Jobs
URBN
Urbn Security Officer Days & Night Part-Time
Permanent · LEVITTOWN
BATH & BODY WORKS
District Manager - Hudson Valley
Permanent · YONKERS
SACKS
2nd Shift Asset Protection Associate
Permanent · LA VERGNE
SACKS
2nd Shift Inventory Control Processor
Permanent · LA VERGNE
UNDER ARMOUR
Stock Lead, ft
Permanent · DAYTONA BEACH
UNDER ARMOUR
Stock Teammate, Part-Time, $16.75 Per Hour
Permanent · ANAHEIM
UNDER ARMOUR
Stock Lead, pt
Permanent · COLUMBIA
UNDER ARMOUR
Stock Teammate, Part-Time 5:00 am Tuesday - Saturday Shift, $15.25 Per Hour
Permanent · SAN DIEGO
SALLY BEAUTY CORPORATE
Outside Sales Representative- Cosmoprof- Boise id
Permanent · BOISE
SALLY BEAUTY CORPORATE
Outside Sales Representative- Cosmoprof- Green Bay wi
Permanent · GREEN BAY
SALLY BEAUTY CORPORATE
Outside Sales Representative- Cosmoprof- Warsaw in
Permanent · WARSAW
GAP
General Manager - Arundel Mills
Permanent · HANOVER
GAP
General Manager - Santa Cruz
Permanent · SANTA CRUZ
BANANA REPUBLIC
General Manager - Foley (Riviera)
Permanent · FOLEY
OLD NAVY
Asset Protection Service Representative - Anaheim Plaza
Permanent · ANAHEIM
GAP INC.
Asset Protection Coordinator - Southpark s/c
Permanent · CHARLOTTE
OLD NAVY
Asset Protection Coordinator - Eastchase Plaza
Permanent · MONTGOMERY
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Billings
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Cape Coral
ABERCROMBIE AND FITCH CO.
sr. Manager, Digital Product Management (Remote)
Permanent · Columbus
NIKE
Distribution Center Operations Manager
Permanent · Memphis
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time - Rosemont
Permanent · Rosemont
By
Reuters
Published
Dec 17, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Li Ning: China sportswear firm plans $218 million share issue to fund growth

By
Reuters
Published
Dec 17, 2014

Chinese sports brand Li Ning Co Ltd said it planned to raise up to HK$1.69 billion ($218 million) in an open offer of shares to support its next stage of growth and optimize its capital structure.

"Next year will mark the beginning of the group's growth phase," founder and chairman Li Ning said in a statement.

Li-Ning store in Huaihua, Hunan | Photo: Li-Ning Company Limited - Li Ning


The share issue will help the group develop new products, boost its competitiveness and "improve overall retail operational capability", he added.

Li Ning, which faces stiff competition from Chinese rivals including ANTA Sports Products Ltd as well as international peers like Nike Inc, plans to issue up to 651.9 million shares in the proportion of 5 offer shares for every 12 existing shares held.

The shares will be issued at HK$2.60 each, representing a 21.92 percent discount to the previous close.

Shareholders including Viva China Holdings Ltd, TPG, GIC and Milestone Capital Strategic Holdings Ltd have given irrevocable undertakings to the company.

Trading in Li Ning shares, which were suspended on Dec. 12, will resume on Wednesday.

In August, the Chinese sportswear maker said that with the "first phase" of a turnaround plan complete, it planned to focus on boosting its brand image.

US$1 = HK$7.75
£1 = HK$12.18

© Thomson Reuters 2023 All rights reserved.