Announced
Financials
Sources
Tags
Public
Single Bidder
Majority
Acquisition
supply chain management
Friendly
Pending
Hong Kong
supply chain
Privatisation
Third Party Logistics (3PL)
Synopsis
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.
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