Reuters, 11 Jun 2012(Reuters) - Private equity-backed Chinese sportswear brand Li Ning Co Ltd warned of a "substantial decline" in profit for 2012 due to weaker sales and higher marketing costs, knocking its shares to a 6-1/2 year low.
Shares in Li Ning, backed by TPG Capital and Singapore sovereign wealth fund GIC, fell as much as 7 percent to their lowest level since January 2006. The drop took its loss for the year to 13 percent, against a 1.8 percent gain for the benchmark Hang Seng Index Full story
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TPG, GIC to invest $115 mln in China sportwear firm - Reuters (19 Jan 2012)
