November 13, 2012 / 10:01 AM / 5 years ago

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

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

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