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LI & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

4.08HKD
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HK$4.09
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HK$4.47
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HK$2.75

Latest Key Developments (Source: Significant Developments)

Li & Fung Ltd Appoints ‍Joseph C. Phi As Executive Director​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Li & Fung Ltd <0494.HK>::JOSEPH C. PHI HAS BEEN APPOINTED AS AN EXECUTIVE DIRECTOR​.  Full Article

Li & Fung Sells Furniture, Beauty & Sweaters Product Verticals To True Sage For US$1,100 Mln
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Li & Fung Ltd <0494.HK>::BOARD PROPOSES SPECIAL DIVIDEND OF ABOUT US$0.0614 PER SHARE.DUE TO DIVESTMENT, GROUP EXPECTS TO RECOGNISE LOSS OF ABOUT US$610 MILLION ATTRIBUTABLE TO DISCONTINUED OPERATIONS.TO DIVEST TARGET BUSINESS FOR CONSIDERATION OF US$1,100 MILLION​ TO TRUE SAGE.EXPECTED STRATEGIC DIVESTMENT'S ESTIMATED LOSS TO TRIGGER GROUP REPORTING TOTAL NET LOSS ATTRIBUTABLE TO SHAREHOLDERS IN 2017.‍TARGET BUSINESS COMPRISES FURNITURE, BEAUTY AND SWEATERS PRODUCT VERTICALS UNDER PRODUCTS SEGMENT​.DIVESTMENT'S CLOSING TO TRIGGER REALISATION OF ABOUT US$106 MILLION OF PRIOR PERIOD FOREIGN EXCHANGE NON-CASH TRANSLATION LOSSES.  Full Article

Li and Fung says HY profit attributable to shareholders of US$ 72 mln vs US$ 149.0 mln<0494.HK>
Thursday, 25 Aug 2016 

Li & Fung Ltd <0494.HK>: HY profit attributable to shareholders of US$ 72 million versus US$ 149.0 million . HY revenue of US$ 8.07 billion versus US$ 8.63 billion . We expect the rest of 2016 to remain challenging" . Global retail market continues to struggle with soft consumer demand and geopolitical instability will weigh on consumer sentiment" . Says board has resolved to declare an interim dividend of 11 hk cents . Expect highly promotional activities and deflationary environment will continue" . Trading volume will be under pressure given brands and retailers are transitioning through a destocking cycle" .  Full Article

Global Logistic Properties signed new leases in China<0494.HK>
Monday, 25 Jul 2016 

Global Logistic Properties Ltd : News release - growth of organized retail drives demand for glp's warehouses in China) . Says signed new leases totaling 61,000 square meters with three companies in China, including lf logistics, a Li & Fung Company .  Full Article

HK's Li & Fung set to open up 6.6 percent on $1.1 billion divestment

HONG KONG Shares of Li & Fung Ltd 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.