Li & Fung Announces Shareholder Approval of US$1.1 Billion Strategic Divestment of Three Product Verticals Businesses
Li & Fung Limited (“Li & Fung” or “the Company;”), the world’s leading supply chain solutions partner for consumer brands and retailers, today announced that its independent shareholders have approved the previously announced strategic divestment for Hony Capital and the Fung Group to acquire three of Li & Fung’s product verticals businesses, Furniture, Beauty and … More Li & Fung Announces Shareholder Approval of US$1.1 Billion Strategic Divestment of Three Product Verticals Businesses