Brief: Li Ning Says Propose To Use Up To HK$3 Bln In Funds For Repurchase Of Shares

Li Ning

12/12/2023 01:25

Dec 12 (Reuters) - Li Ning Co Ltd  2331.HK :
    * PROPOSES TO USE UP TO HK$3 BILLION IN FUNDS FOR REPURCHASE
OF
SHARES UNDER SHARE REPURCHASE PLAN
    * CONSIDERS CURRENT SHARE PRICE OF COMPANY IS BELOW ITS
INTRINSIC
ACTUAL VALUE
    * SHALL REPURCHASE SHARES ON OPEN MARKET FROM TIME TO TIME
DURING
PERIOD OF SIX MONTHS FROM TUESDAY
    * CONSIDERS SHARE REPURCHASE PLAN IS IN BEST INTEREST OF CO,
SHAREHOLDERS AS A WHOLE

Further company coverage:  2331.HK 

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