Li & Fung has sold a 21.7 percent stake in...

2019-08-29T00:00:00

Li & Fung has sold a 21.7 percent stake in its rather sophisticated LF Logistics business to a Singapore-based investment company, Tomaskek, for $300 million to help expand its operations in Asia and improve its own capital structure. The group saw its revenues decline by 8.4 percent on an organic ...

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