Li & Fung completed its privatization yesterday, pulling out of the Hong Kong Stock Exchange after 28 years. Following redemption of the shares still trading publicly, Global Logistics Properties (GLP), a company based in Singapore that operates warehouses and owns real estate around the world, now owns 67.67 percent of the company. The Fung family will continue to be in control with 60 percent of the voting shares. GLP will have 40 percent of the voting shares and 100 percent of the non-voting shares. Strong synergies are expected between the two operations, with a goal to create “the digital supply chain of the future.” Spencer Fung remains as group chief executive of Li & Fung, a leading provider of supply chain solutions with more than 230 offices in key production markets around the world.