Tag Archives: Li Ning

GIC BACKED PRC COMPANY LI NING LOSES 80% OF MARKET VALUE

Li Ning, backed by private equity powerhouse TPG Capital [TPG.UL] and Singapore wealth fund GIC [GIC.UL], last month reported a first-half net loss of nearly $100 million, more than three times that of the corresponding period a year earlier. It said at the time its recovery could take up to two more years as it invests hundreds of millions of dollars in promotion and advertising.

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