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港股异动 | 李宁(02331)现涨超5% 公司此前引入红杉中国 成立合资公司布局海外市场

Hong Kong stocks unusual movement | Li Ning (02331) now rises more than 5%. The company previously introduced Sequoia China to establish a joint venture to layout overseas markets.

Zhitong Finance ·  Nov 5 11:45

Li Ning (02331) is now up more than 5% to 5.28% to HK$16.76, with a turnover of HK$0.249 billion.

The Zhitong Finance App learned that Li Ning (02331) is now up more than 5% to 5.28% to HK$16.76, with a turnover of HK$0.249 billion.

According to the news, on October 22, Li Ning Group announced the establishment of a joint venture with Founder Co, HongShan Venture, and HongShan Motivation through an indirect wholly-owned subsidiary, to exclusively develop and operate the Li Ning brand business (including selling Li Ning brand products) outside of mainland China. At the same time, Li Ning Group and founder Li Ning together held 55% of the shares in the joint venture, which can effectively guarantee the reputation of the “Li Ning” brand and maintain sufficient influence over the joint venture.

Tianfeng Securities pointed out that the introduction of Sequoia China will allow joint ventures to share Sequoia China's cross-border resources and cross-border business experience, which will help accelerate the pace and efficiency of the joint venture's development. Haitong Securities, on the other hand, pointed out that the company announced the establishment of a joint venture with Red Shirt Capital to be responsible for overseas operation and promotion of the Li Ning brand. We expect that at this stage, it will mainly focus on the Southeast Asian and Belt and Road markets.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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