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Viva China buys 25 percent stake in Li Ning
The Chinese sports apparel retailer Li Ning Co is selling off 25 percent of the company to Viva China Holdings Ltd (HKG: 8032), a sports talent firm, as reported by the ‘Wall Street Journal’. According to a statement to the Hong Kong Stock Exchange issued by Li Ning on Wednesday, he and his brother are selling 266.4 million shares in the...
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