Summary by Futu AI
LI NING CO., LTD. FILED A NEXT DAY DISCLOSURE REPORT ON JANUARY 23, 2024 DISCLOSING CHANGES IN ITS ISSUED SHARE CAPITAL. The report noted that the convertible securities offered by the Company on 22 April 2013 were converted into 2,199 shares of ordinary shares on 23 January 2024 at an issue price of HK$3.183 per share, representing a margin of 78.95% compared to the closing price of HK$15.12 per share on the previous business day. In addition, the Company repurchased 40,937,500 shares from December 13 to December 22, 2023 and repurchased 40,937,500 shares on January 23, 2024, representing 1.55928% of the issued shares. Following these changes, the total issued share capital of the company as of January 23, 2024 was 2,584,479,407 shares. According to the report, all relevant laws and listing requirements have been complied with and all transactions have been formally authorized and approved by the Board of Directors.