Li & Fung announces US$1.1 billion strategic divestment to further simplify its business model to build the supply chain of the future
(WorldNews Business)

Strategic divestment of three product verticals for US$1.1 billion Further simplifies business to focus on core competencies Special dividend of US$520 million to return cash to shareholders Remaining US$580 million to further strengthen capital structure and build the supply chain of the future Hong Kong, 14 December 2017 - Li & Fung Limited (`Li & Fung`,` SEHK: 494), the world`s leading supply chain solutions partner for consumer brands and retailers, today announced it has entered into a strategic transaction for Hony Capital and the Fung Group to acquire...