In more than two months, Li Ning’s share price has soared from 41 Hong Kong dollars per share to a maximum of 72.95 Hong Kong dollars per share, an increase of more than 60%.
Faced with the high stock prices, some people choose to continue to hold on, while others choose to cash out some stocks first.
On May 18, Chinese sports consumer brand Feihua China (08032.HK) announced that it would reduce its holdings of 60 million Li Ning shares at a price of HK$63.6 per share, cashing out 3.816 billion. Hong Kong dollar. Upon completion, Feihua China’s shareholding ratio in Li Ning will be reduced from 13.28% to 10.87%.
Affected by this news, Feihua China once soared by more than 16% in early trading. As of the close, the stock reported 0.64 Hong Kong dollars, an increase of 4.92%, and the latest total market value was 6.09 billion Hong Kong dollars.
It is worth noting that Li Ning Company is an associated company of Feihua China, of which Li Ning is Chairman of the Board and Executive Director of Extraordinary China. It is worth mentioning that Li Ning is also the actual controller of the company.
Regarding the sale of shares, Feihua China said that the placement is an opportunity to realize part of its investment in Li Ning Company.
Reading extension:
Extraordinary China has been around since 2019 By reducing its holdings in Li Ning and selling its shares in Li Ning, Feihua China received a total of approximately HK$10.207 billion, equivalent to approximately RMB 8.463 billion. In 2019 and 2020, Feihua China sold Li Ning shares twice every year.
While Feihua China significantly reduced its holdings in Li Ning, it also launched multiple large-scale acquisitions.
It is understood that Viva China has successively acquired e-sports club Snake (later renamed LNG Li-Ning E-sports Club), skating rink operating company Shengjin Investment, and Hong Kong clothing brand Bossillon.
The results in the first quarter of 2021 are still gratifying. Data shows:
Li Ning’s sales in the first quarter soared by 80% to 90% year-on-year, with retail sales recording 90% to 100% and wholesale sales recording 80% to 90%. increase. </p
