Singapore state investor Temasek Holdings has acquired a 21.7-per cent stake in LF Logistics, the logistics business of Hong Kong sourcing company Li & Fung, for a cash consideration of $300 million.
In a statement, Li & Fung said, Temasek’s investment values the company at approximately $1.4 billion on a post-money equity valuation basis. Li & Fung will remain a controlling shareholder of LF Logistics.
