Stock exchange problems for Li Ning - sportstextiles: Lea SportsTextiles

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Stock exchange problems for Li Ning

25/01/2013
Trading in shares in Chinese sports brand Li Ning was suspended on January 24, the Hong Kong stock exchange said.

Commentators attributed the development to ongoing inventory management difficulties at the sports brand, founded by a former Chinese Olympic gymnast of the same name.

Li Ning said in a filing to the stock exchange that it would take steps to raise more capital for a restructuring plan. Trading in its shares was expected to resume on January 25.

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