June 28, 2019 / 5:28 AM / 4 months ago

Li & Fung says Temasek to buy $300 mln stake in LF Logistics

HONG KONG, June 28 (Reuters) - Global sourcing and logistics group Li & Fung Ltd said on Friday Temasek Holdings (Private) Ltd would buy 21.7 percent of subsidiary LF Logistics Holdings Ltd for $300 million.

Shares of Li & Fung, which suspended trade on Friday morning, jumped as much as 18.8 percent to HK$1.45, the highest since April 23. (Reporting by Donny Kwok; Editing by Stephen Coates)

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