Wed, Sep 3, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Fund Profile/New Launches

Li Ning raises funds in convertible bond sales

Posted on 20 January 2012

Li Ning Co. said Thursday that it sold 750 million yuan ($119 million) in convertible bonds to U.S. buyout firm TPG Group and Singaporean sovereign-wealth fund Government of Singapore Investment Corp., as the Chinese sportswear maker grapples with tough competition and inventory problems.
The bonds, if converted, would give TPG a 7.6% stake in Li Ning, and would give the Singaporean fund, known as GIC, a 7.9% stake, up from its current 6% stake, according to a filing late Thursday with the Hong Kong Stock Exchange and a company spokeswoman. TPG would also get two board seats………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14659 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930