TPG Capital, Singapore Give Chinese Retailer $118M Lift

Law360, New York (January 19, 2012, 5:38 PM EST) -- Chinese sportswear retailer Li Ning Co. has secured 750 million yuan ($118 million) in debt financing from private equity giant TPG Capital and the government of Singapore in order to help it revitalize its brand, according to regulatory filings.

Li Ning sold 561 million yuan in convertible bonds to TPG, while Government of Singapore Investment Corp. Pte Ltd., an existing investor, purchased 189 million yuan of the bonds, according to filings at the Hong Kong Exchanges and Clearing Ltd.

“The board is of the view that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.