STOCKS | Viva Goods Raises Li Ning Stake To 17.58%

Viva Goods (0933) said it bought an additional 17.2535 million shares of Li Ning (2331) in the market today at an average price of HK$13.23 each, according to Ming Pao. The purchase, representing 0.677% of Li Ning's total share capital, cost more than HK$228 million and was funded with external financing cash. After the increase, Viva Goods' stake in Li Ning rose from 16.91% to 17.58%.