Key Developments: Li & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

1 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Li & Fung Ltd In Talks To Buy NY-Based Sourcing Company-Reuters
Thursday, 4 Oct 2012 02:32pm EDT 

Reuters reported that Li & Fung Ltd is in advanced talks to buy Synergies Worldwide, a small, New York-based supplier. Li & Fung is negotiating the finer points of a deal with Synergies, which specializes in low-cost sourcing and has a foothold in manufacturing centers like India, Pakistan and Bangladesh.  Full Article

Li & Fung Ltd Enters New Sourcing Arrangement With Wal-Mart Stores Inc
Thursday, 20 Sep 2012 04:32am EDT 

Li & Fung Ltd announced that together with its wholly-owned subsidiary, Direct Sourcing Group Pte. Ltd., entered into a new agency agreement with Wal-Mart Stores, Inc. that supersedes the previous buying agency agreements made on January 28, 2010. At the same time, the option agreement pursuant to which Wal-Mart Stores Inc had the option to purchase all of the shares of Direct Sourcing Group Pte. Ltd. was terminated.  Full Article

Li & Fung Ltd Declares Interim Dividend
Tuesday, 28 Aug 2012 05:07am EDT 

Li & Fung Ltd announced that its Board of Directors has resolved to declare an interim dividend of HKD15 cents (2011: HKD19 cents) per share for the six months ended June 30, 2012 absorbing a total of USD161 million (2011: USD197 million). The dividend will be paid on September 5, 2012.  Full Article

Li & Fung says factories of some suppliers in Vietnam damaged in protests

HONG KONG, May 15 - Global exporter Li & Fung said on Thursday the factory facilities of some of its suppliers in Vietnam had been damaged in anti-China protests that have seen thousands of Vietnamese set fire to foreign factories in the south of the country.

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