According to public news today afternoon during trading hours, the founder and biggest shareholder of Li Ning (2331 HK), Mr. Li Ning, is mulling privatizing the public company.
Boomeranged on Thu, 13 Jun 2024 14:22
Share price on a downward momentum, likely due to bearish feedback from certain distributors on recent trends. I believe the company's target of mid-single-digit sales growth and low-teens net profit margin in 2024 will be very difficult to achieve.
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