(Hong Kong Comprehensive News) Li Ning, a well -known Chinese sports brand, announced the acquisition of the property of Henderson Real Estate, and plans to use it partly as the Hong Kong headquarters.After the news was released, Li Ning's stock price in the Hong Kong stock market fell sharply.The company responded that the move was an important milestone in its internationalization process.
Li Ning announced on Sunday (December 10) on the Hong Kong Stock Exchange that it proposed to acquire 2.208 billion (Hong Kong dollars, the same below, S $ 380 million) to acquire the Vansittart Investment Limited of Hengdi. The company has the Hong Kong commercial building "Hong Kong Huidong".EssenceLi Ning plans to use some floors as its headquarters in Hong Kong, and is expected to complete the acquisition before January 28, 2024.
Li Ning's board of directors said that the group's business in Hong Kong has great development potential and believes that the expansion of Hong Kong business has important strategic significance for its international business development.According to the financial report, the acquisition amount is equivalent to Li Ning's profit in the first half of this year.
Li Ning's stock price fell sharply on Monday (December 11), and once fell more than 16%during the session, and the stock had fallen over 70%during the year.
For the decline in the stock price, Li Ning responded to Surging News that the company's international strategic layout is in a positive stage of development. The establishment of headquarters in Hong Kong is an important milestone in its internationalization process.A person close to Li Ning Group also said that Li Ning's acquisition mainly focused on international business, not real estate investment, and the statement on the market about Li Ning copied the floor to buy a building is uncertain.
