[Hong Kong Company Registration Guide]Chinese sportswear maker Li Ning Co suspended trading of its Hong Kong-listed shares Thursday pending an announcement regarding the company, according to a filing to the Hong Kong Stock Exchange.

Trading in Viva China Holdings Ltd, a sports talent firm controlled by Li Ning's founder, was also halted, the company said in the filing, without giving details.

[Businesses Registration]The sportswear retailer, founded by former Olympic gymnast Li Ning, sold a 25 percent stake in October to Viva China for HK$1.36 billion (US$175 million).

Shares of Li Ning dropped 5.34 percent to HK$6.21 on Wednesday amid concerns over the company's rising inventory.

[Hong Kong Company Formation & Registration] In December Li Ning warned of a "substantial" full-year loss as the firm planned to spend up to 1.8 billion yuan (US$290 million) to buy back inventory from distributors and improve its sales network.