Li & Fung Ltd., the sourcing company that supplies clothes and toys to U.S. retailers such as Wal-Mart Stores Inc., said it agreed to sell its distribution unit LF Asia to Dah Chong Hong Holdings Ltd. for about $350 million in order to simplify its businesses and focus on trading and logistics.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
