Li Ning shoe 19% of H-shares fell nearly record lows during the year

Recently, China Li Ning sporting Nike Air Max goods big rumors frequently troubled, first want to backdoor Li Ning, "Trends in China" to enter the real estate blocked, and later came "close shop" rumor, although the company has been issued to clarify the announcement, but is still at record price year low. According to the relevant data, Ning H shares plunged by nearly 19% yesterday, hitting 52-week low is 16.66 million. In addition, JP Morgan Chase (JPMorgan) and other agencies of shares in the hands of the recent reduction crazy, cash in the amount of close to 6 million.

According to the Hong Kong Stock Exchange revealed that JP Morgan is completed through reduction of cash in the 3rd. December 20, JP Morgan Chase 18.24 Hong Kong dollars per share price, reduction of 1,288.3 million shares; 21 to 17.07 Hong Kong dollars per share holdings of 977.4 million shares; 22, JP Morgan Chase re-reduction of 1,069.9 million shares, average price per share 17.31 Hong Kong dollars. At this point, has reduced its shareholding to 11.77%. U.S. Capital Group 17.26 22 Hong Kong dollars per share to sell 65.1 million shares. According to statistics, the two agencies in cash 598 million Hong Kong dollars. In fact, in such a rough behind the sell-off is even clamor off the dust on the Nike Air Max 2009 shop rumors. Previously, there were reports that Li Ning, poor performance of the stores will be closed to enhance the single-store sales growth for the company to promote, market volume is expected to shut shop or to 500 ~ 600. 20, the same day, Li Ning shares plummeted nearly 16%.

In this regard, Li Ning Company 27 emergency clarified, the company is the distribution system reform, one of the important measures is the integration of about 500 to 600 distributors of low efficiency, this and related shops are two different concepts. Meanwhile, let those who are more efficient and larger dealers or distributors, distributors through the acquisition of inefficient Wholesale Nike Shoes shops aim to achieve integration. As of June 30, Li Ning has 129 dealers and 2,000 distributors. Although the company issued a clarification notice, there are still organizations are downgrades. Li Ning, one of H shares of Deutsche Bank will cut its target price 40% to 14.68 Crazy HK investment rating from "hold," set to "sell." Goldman Sachs said that the company is facing weak growth showed the risk the brand positioning and channel risk.