China's champion gymnast Li Ning plans to take company private

China's champion gymnast Li Ning plans to take company private

FILE PHOTO: People walk past a store of Chinese sports products brand Li Ning in Beijing, China April 15, 2021. REUTERS/Tingshu Wang/File Photo

Chinese billionaire entrepreneur and Olympic champion Li Ning is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, adding to a string of such potential deals in a faltering market.

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