Golden Lincoln Holdings to acquire Li & Fung for $931m.

Golden Lincoln Holdings, an entity formed by Li & Fung’s controlling shareholders and Singaporean warehousing and logistics firm GLP, is set to acquire Li & Fung, a logistics group for $931m. Golden Lincoln is ultimately controlled by the Fung family holding 60% of voting shares, with GLP holding the remaining 40% of voting shares and 100% of non-voting shares. GLP has effective economic ownership of 67.67% of the buyer as a result.