Li Ning Invests RMB1.9 Billion in Low-Risk Structured Deposits
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Li Ning Company Limited has invested RMB1.9 billion in low-risk structured deposits through its subsidiaries, placing funds with major Chinese banks. The deposits, ranging from RMB200 million to RMB700 million, have tenors of five to six months and expected returns of 0.60% to 3.00%. This move, classified as a discloseable transaction under Hong Kong listing rules, aims to enhance returns on idle cash while maintaining a conservative risk profile. The current analyst rating for Li Ning stock is a Buy with a price target of HK$23.50.
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