Business
Li and Fung gets cash infusion for logistics firm
Li and Fung-owned company LF Logistics has received a cash injection of 300 million US dollars from Singapore-based investment company Temasek, after they agreed to acquire a 21.7 percent stake in the company. The investment values LF Logistics at approximately 1.4 billon US dollars on a post-money equity valuation basis. In a statement, Li and...
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