Deals
Li Ning Gains as TPG Buys Convertible Bonds: Hong Kong Mover
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Li Ning Co., China’s biggest sportswear retailer, jumped the most in seven weeks in Hong Kong trading after selling 750 million yuan ($119 million) of convertible bonds to TPG Capital and Singapore’s sovereign fund.
Li Ning rose 8.5 percent, its biggest daily gain since Dec. 1, to HK$7.29 at the close of Hong Kong trading. The benchmark Hang Seng Index gained 0.8 percent.