China Billionaire & Olympic Gymnast Gold Champion Li Ning Reviews Plan to Delist $6.7 Billion Sportswear Giant Li Ning from Hong Kong Stock Exchange, Li Ning Owns More than 10% Equity via Family Investment Firm Viva China Holdings, Founded Li Ning in 1990 and Listed on Hong Kong Exchange in 2004
16th March 2024 | Hong Kong
China billionaire & Olympic gymnast gold champion Li Ning has been reported to be reviewing plan to delist $6.7 billion (15/3/24 market value) sportswear giant Li Ning from the Hong Kong Stock Exchange (HKEX). Li Ning (Chairman, Co-President of Li Ning) owns more than 10% equity of Li Ning via family investment firm Viva China Holdings. Li Ning founded sportswear group Li Ning in 1990, and had listed the firm on Hong Kong Exchange in 2004. Li-Ning is the Chinese leader in athletic apparel and footwear, rooted in the vision of its founder and namesake, the champion gymnast, Mr. Li Ning. He founded the company in 1990 with the simple goal of providing Chinese athletes a national brand to wear on the world stage of the Olympics — historically one of the West’s rare portals into authentic Chinese culture. This modest intention has, 30 years later, led to the rise of a global sport pioneer. Residing at the forefront of 21st-century design and technology while celebrating its own, storied heritage, Li-Ning explores the tension between past and future, man and nature, exibility and strength. Yet it is ultimately driven by the boundless potential of the human body. As a world class gymnast with 106 gold medals himself, Mr. Li is testament to this. His most singular achievements include winning six out of seven gold medals at the Sixth World Cup Gymnastic Competition in 1982, earning him the nickname, “The Prince of Gymnastics.” In 1984, Mr. Li won three gold medals, two silver and one bronze to become the most honored athlete at the 1984 Summer Olympic Games, held in Los Angeles. In 1999, the World Sports Correspondent Association named him among the “World’s Most Excellent Athletes” of the 20th Century. More recently, Mr. Li lit the torch at the 2008 Summer Olympic Games, held in Beijing.
“ China Billionaire & Olympic Gymnast Gold Champion Li Ning Reviews Plan to Delist $6.7 Billion Sportswear Giant Li Ning from Hong Kong Stock Exchange, Li Ning Owns More than 10% Equity via Family Investment Firm Viva China Holdings, Founded Li Ning in 1990 and Listed on Hong Kong Exchange in 2004 “
China Billionaire & Olympic Gymnast Gold Champion Li Ning Reviews Plan to Delist $6.7 Billion Sportswear Giant Li Ning from Hong Kong Stock Exchange, Li Ning Owns More than 10% Equity via Family Investment Firm Viva China Holdings, Founded Li Ning in 1990 and Listed on Hong Kong Exchange in 2004
Li-Ning is the Chinese leader in athletic apparel and footwear, rooted in the vision of its founder and namesake, the champion gymnast, Mr. Li Ning. He founded the company in 1990 with the simple goal of providing Chinese athletes a national brand to wear on the world stage of the Olympics — historically one of the West’s rare portals into authentic Chinese culture. This modest intention has, 30 years later, led to the rise of a global sport pioneer. Residing at the forefront of 21st-century design and technology while celebrating its own, storied heritage, Li-Ning explores the tension between past and future, man and nature, exibility and strength. Yet it is ultimately driven by the boundless potential of the human body. As a world class gymnast with 106 gold medals himself, Mr. Li is testament to this. His most singular achievements include winning six out of seven gold medals at the Sixth World Cup Gymnastic Competition in 1982, earning him the nickname, “The Prince of Gymnastics.” In 1984, Mr. Li won three gold medals, two silver and one bronze to become the most honored athlete at the 1984 Summer Olympic Games, held in Los Angeles. In 1999, the World Sports Correspondent Association named him among the “World’s Most Excellent Athletes” of the 20th Century. More recently, Mr. Li lit the torch at the 2008 Summer Olympic Games, held in Beijing.
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