Edition:
India

LI & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

1.27HKD
24 May 2019
Change (% chg)

HK$0.02 (+1.60%)
Prev Close
HK$1.25
Open
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HK$1.24
Volume
17,066,876
Avg. Vol
21,150,444
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HK$3.39
52-wk Low
HK$1.16

Latest Key Developments (Source: Significant Developments)

Li & Fung Says FY Profit Attributable From Cont Ops $‍170​ Mln
Thursday, 22 Mar 2018 

March 22 (Reuters) - Li & Fung Ltd <0494.HK>::FY PROFIT ATTRIBUTABLE FROM CONTINUING OPERATIONS $‍170​ MILLION VERSUS $160 MILLION.FY TURNOVER $13,534 MILLION DOWN 4.6 PERCENT​.FINAL DIVIDEND ‍2​ HK CENTS PER SHARE.‍CONDITIONAL SPECIAL DIVIDEND OF 47.6 HK CENTS PER SHARE​.  Full Article

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

(OFFICIAL)-BRIEF-Toys"R"Us (Asia) to open 10 new stores in China on Oct 1
Friday, 29 Sep 2017 

Corrects JV's name to Fung Retailing Group from Li & Fung Retailing, after company clarifies:Says it is opening 10 brand new stores in China on Oct 1, bringing total store count to 150 across mainland China.Says it is currently operating in 226 stores in Greater China and Southeast Asia, and has an additional 35 franchise stores in the Philippines and Macau .  Full Article

Toys"R"Us (Asia) to open 10 new stores in China on Oct 1
Thursday, 28 Sep 2017 

Sept 28 (Reuters) - Toys"R"Us (Asia) Ltd (a joint venture with Li & Fung Retailing) :Says it is opening 10 brand new stores in China on Oct 1, bringing total store count to 150 across mainland China.Says it is currently operating in 226 stores in Greater China and Southeast Asia, and has an additional 35 franchise stores in the Philippines and Macau .  Full Article

Li & Fung reported profit attributable to shareholders $101 million
Thursday, 24 Aug 2017 

Aug 24 (Reuters) - Li & Fung Ltd <0494.HK>:Hy turnover $7.26 billion versus $7.42 billion.HY reported profit attributable to shareholders $101 million versus $72 million.Reported HY dividend 11 cents per share."For the rest of 2017, we expect the macro environment to remain volatile"."Headwinds from store closures will continue in the second half of the year"."We expect on-going promotional activities to continue putting pressure on margin".  Full Article

Debenhams secures 40 million pound lifeline

Feb 12 Debenhams has secured 40 million pounds ($51.45 million) in additional funding from some of its lenders as it strives to find a longer-term solution to its financial problems, the embattled UK retail chain said on Tuesday.