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As of on the Hong Kong Stock Exchange ∙ Minimum 15 minute delay
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Li & Fung Announces Further Issue Of Us$100 Mln 4.375% Notes Due 2024
Li & Fung Carried Out Drawdown Under Medium Term Note Programme
Li & Fung Says H1 Profit Attributable From Continuing Operations $21 Mln
Li & Fung Limited is an investment holding company mainly engaged in the trading business. Along with subsidiaries, the Company operates its business through two segments. The Trading Network segment is involved in the provision of the global sourcing services for hard goods and soft goods. The main channels include buying agent, trading-as-principal for private label merchandise and on-shore wholesale business. The Logistics Network segment is involved in the provision of logistics solutions and freight forwarding services. In-country logistics business offers logistics and supply chain solutions in Asia, focused on our core verticals: footwear and apparel, fast-moving consumer goods, food and beverage, and healthcare products and serving both the online and offline channels. Global freight management business offers full service international freight solutions.
11F, LiFung Tower
888 Cheung Sha Wan Road,Kowloon
Group Executive Chairman of the Board
Kwok King Fung
Executive Director, Group President and President of LF Logistics
Group Chief Executive Officer, Executive Director
Sung Lai Lam
Chief Financial Officer
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Global sourcing and logistics group Li & Fung Ltd <0494.HK> on Friday said Temasek Holdings (Private) Ltd would buy 21.7% of its subsidiary LF Logistics Holdings for $300 million, and the proposed spin-off IPO of the unit will be postponed.
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.
* Plans logistics business spinoff in Hong Kong in H1 2019 (Adds executive comment, market context)
Hong Kong's Li & Fung Ltd , which supplies clothing and other products to retailers worldwide, said on Thursday its 2017 profit from continuing operations rose 6.5 percent amid growth in its supply chain solutions and logistics businesses.
Shares of Li & Fung Ltd <0494.HK> were set to open up 6.6 percent on Friday after the global exporter said it would divest its furniture, beauty and sweaters businesses for $1.1 billion.
Hong Kong's Li & Fung Ltd said it would divest its furniture, beauty and sweaters businesses for $1.1 billion to a consortium backed by private equity firm Hony Capital, a deal that is expected to trigger net loss in 2017.
Li & Fung Ltd, which supplies clothing and other products to retailers worldwide, on Thursday reported a 6.1 percent rise in first-half adjusted net profit and said it expected headwinds from store closures to continue in the second half of the year.
* China facing heightened financial risks from property downturn - Moody's
Li & Fung Ltd, which supplies clothing and other products to retailers around the world, on Wednesday reported a 47 percent fall in 2016 net profit and said tough conditions in the global retail industry would put pressure on its business.
Global exporter Li & Fung Ltd said on Wednesday it expected an unprecedented number of bankruptcies and store closures in the global retail industry in the years to come.
* PVH Corp. And Li & Fung Limited form new strategic supply chain partnership
Hong Kong's stock index compiler said on Friday that shares in Geely Automobile Holdings Ltd will become a constituent of the Hang Seng Index , while Li & Fung Ltd will be removed from the benchmark.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.