Reuters logo
Li & Fung in talks to buy S.Korea kids' apparel maker for $184 million: report
November 13, 2012 / 10:01 AM / 5 years ago

Li & Fung in talks to buy S.Korea kids' apparel maker for $184 million: report

The company logo of Li & Fung is displayed at Li Fung Tower where the company is based in an industrial district in Hong Kong August 3, 2012. REUTERS/Bobby Yip

SEOUL (Reuters) - Hong Kong’s Li & Fung Group (0494.HK) is in talks to acquire South Korean children’s apparel maker Suhyang Networks for roughly 200 billion won ($183.73 million), a South Korean newspaper reported on Tuesday.

Maeil Business Newspaper said Li & Fung recently completed due diligence on Suhyang and is currently in price negotiations, citing unidentified investment banking sources.

A Suhyang official authorized to speak on the matter could not be reached immediately.

Reporting by Joyce Lee

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below