Announced
Financials
Sources
Tags
Single Bidder
Majority
Third Party Logistics (3PL)
supply chain management
supply chain
Hong Kong
Acquisition
Friendly
Pending
Private
Synopsis
JD.com, China’s e-commerce company, agreed to invest $100m in Li & Fung, a Hong Kong-based supply chain manager. The Fung family will continue to retain control of the company with 60% of the voting shares. "Our goal to create the Supply Chain of the Future and to improve the lives of one billion people in our global supply chain remains more relevant than ever in this turbulent world. The partnership with GLP and the addition of JD will be instrumental in further strengthening Li & Fung," Spencer Fung, Li & Fung CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.