Reuters exclusively reported that Chinese billionaire entrepreneur and Olympic champion Li Ning is considering taking his namesake sportswear company private from the Hong Kong stock exchange, adding to a string of such potential deals in a faltering market.
Business & Finance
China’s champion gymnast Li Ning considers taking company private
12 March 2024, 11:11 am 1 minute
Market Impact
Hong Kong-listed firms have been involved in $4 billion worth of take-private deals so far in 2024, versus $1.2 billion for all of last year, Dealogic data showed. Buyers often cited undervalued shares as a reason for the deals.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Retail & Consumer Goods
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
