Li Ning Expands Business Collaboration with Viva Goods

Li Ning Company (HK:2331) has released an update.

Li Ning Company Limited has entered into a renewed framework agreement with Viva Goods to continue and expand their business collaborations. The agreement will involve various transactions, including the sale and manufacturing of branded sports products, provision of various services, and co-branding efforts, aimed at enhancing their market presence. These transactions are classified as continuing connected transactions under Hong Kong’s listing rules but are exempt from independent shareholder approval.

For further insights into HK:2331 stock, check out TipRanks’ Stock Analysis page.