Today is the last day for Li & Fung with Hong Kong Exchanges and Clearing (HKEX)!
After 4 pm, it will officially delist from the HKEX thereby successfully completing the company’s privatisation process.
The company is delisting itself from HKEX as it sets the course for long-term transformation.
Now the Fung Family remains controlling shareholder of Li & Fung with 60 per cent of the voting shares, while GLP will have 40 per cent of the voting shares and 100 per cent of the non-voting shares, resulting in effective economic ownership of 67.67 per cent of Li & Fung.
Li & Fung, which has an office in India and sources from many Indian companies, is the world’s leading supply chain solutions partner.
Spencer Fung, Group CEO of Li & Fung, sees it as a start of a new journey for Li & Fung and has assured to support all stakeholders.
Ming Mei, Co-founder and CEO of GLP, also insisted that with its commitment to long-term transformation, Li & Fung will build upon its position as the global retail supply chain leader.