VIVA GOODS (00933.HK): Acquires Further 17,253,500 Li Ning Shares on Open Market for about HKD 228,207,000; Stake to Rise to about 17.58%
NewTimeSpace News: On 2 September 2026, Viva Goods Company Limited (stock code: 00933.HK) announced that its wholly-owned subsidiary had on the same day acquired, through the Stock Exchange on the open market, a further aggregate of 17,253,500 shares of Li Ning Company Limited (stock code: 02331.HK), representing approximately 0.67% of the total issued shares of Li Ning as of the date of this announcement.
The total consideration for the acquisition is approximately HKD 228,207,000 (excluding stamp duty and related expenses), representing an average price of approximately HKD 13.23 per acquired share. The consideration was settled in cash in accordance with standard market practice, represented the prevailing market price of the acquired shares at the time of the acquisition and was funded by the Group's external financing. Completion of the acquisition will take place on the second trading day after instructions for the relevant acquisition are given.
Under the Listing Rules, as two of the applicable percentage ratios in respect of the acquisition exceed 5% but all are below 25% (calculated on an aggregated basis), the acquisition constitutes a discloseable transaction for the Company and is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.
Prior to the acquisition, the acquirer held 437,156,543 Li Ning shares, representing approximately 16.91% of the total issued shares of Li Ning as of the date of this announcement; upon completion, it will hold 454,410,043 shares, representing approximately 17.58%. Li Ning will continue to be accounted for as an associate of the Group, which will continue to share in its profits less losses in its accounts.
As the acquisition was made through sellers on the open market via the Stock Exchange, the Company is not aware of the identity of the counterparties; based on all reasonable inquiries made by the directors, each seller and their respective ultimate beneficial owners are independent third parties. The Group is a multi-brand operator engaged mainly in the design and development, brand building and sale of sport and leisure apparel and footwear in the US, the UK, Europe, China, Japan and Korea. The directors consider the acquisition a suitable investment that enhances the Group's returns, entered into on normal commercial terms, fair and reasonable, and in the interests of the Company and its shareholders as a whole.
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