Viva China Holdings, the sports talent agency founded by Chinese gymnastics star Li Ning, is to buy a controlling share of famed Hong Kong clothing chain Bossini International Holdings at a knock-down price.A joint venture company, 80 per cent owned by a Viva China subsidiary and 20 per cent by Keystar, an investment company, has offered to buy a 66.6 per cent stake in the clothes retailer for HK$46.62 million (US$6.01 million), Bossini said in a filing to the stock exchange on Friday.That…
from South China Morning Post https://www.scmp.com/business/investor-relations/article/3084524/olympic-gymnast-li-nings-viva-china-buys-hong-kongs
Friday, May 15, 2020
Olympic gymnast Li Ning’s Viva China buys Hong Kong’s iconic clothing chain Bossini at massive discount
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