Jan. 20 (Bloomberg) --Li Ning Co. (2331) said it will sell 750 million yuan ($119 million) of convertible bonds to TPG Capital and Singapore’s government, and that 2011 sales may have fallen as much as 7 percent and profit margins narrowed.
The company in August said first-half net income plummeted 49 percent from a year earlier to 294 million yuan as costs and competition increased. Full story
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TPG, GIC to Invest $115 Million in China's Li Ning - CNBC.com
