BRIEF-Viva China Announces Sale Of Stake In Li Ning Co By Way Of Placing

Reuters2021-05-18

May 18 (Reuters) - Viva China Holdings Ltd :

* ANNOUNCES TRANSACTION IN RELATION TO SALE OF 2.41% OF TOTAL ISSUED SHARE CAPITAL IN LI NING CO BY WAY OF PLACING

* PLACING PRICE WAS DETERMINED AT HK$63.6 PER SALE SHARE

* NET PROCEEDS WILL BE ABOUT HK3,786.9 MILLION

* GROUP SEES GAIN OF ABOUT HK$3,338.8 MILLION FROM PARTIAL SALES OF ITS INVESTMENT IN ASSOCIATE

* SEES SIGNIFICANT INCREASE IN GROUP'S PROFIT ATTRIBUTABLE FOR H12021

* WILL GET PURCHASERS FOR 60 MILLION LI NING CO SHARES HELD BY UNIT

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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