LI & Fung Ltd (0494.HK)
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.
Dec 14 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:
HONG KONG, Dec 14 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.
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SHANGHAI, Aug 25 Hong Kong stocks rose for the fourth consecutive session on Friday, finishing the week with a strong gain as forecast-beating results from major Chinese firms boosted investor confidence.
HONG KONG, Aug 24 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.