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Li & Fung sells Logistics stake as spin-off postponed

2019-07-01 15:46:00| Daily apparel & textile news and comment - from just-style.com

Sourcing giant Li & Fung has sold a 21.7% stake in its logistics business for US$300m to Singapore-headquartered investment company Temasek, as plans for a proposed spin-off IPO of the segment are postponed until further notice.

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Category:Consumer Goods and Services

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