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LI & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

4.43HKD
15 Dec 2017
Change (% chg)

HK$0.35 (+8.58%)
Prev Close
HK$4.08
Open
HK$4.35
Day's High
HK$4.47
Day's Low
HK$4.24
Volume
129,482,265
Avg. Vol
29,806,118
52-wk High
HK$4.47
52-wk Low
HK$2.75

Latest Key Developments (Source: Significant Developments)

Li & Fung Sells Furniture, Beauty & Sweaters Product Verticals To True Sage For US$1,100 Mln
Thursday, 14 Dec 2017 04:17am EST 

Dec 14 (Reuters) - Li & Fung Ltd <0494.HK>::BOARD PROPOSES SPECIAL DIVIDEND OF ABOUT US$0.0614 PER SHARE.DUE TO DIVESTMENT, GROUP EXPECTS TO RECOGNISE LOSS OF ABOUT US$610 MILLION ATTRIBUTABLE TO DISCONTINUED OPERATIONS.TO DIVEST TARGET BUSINESS FOR CONSIDERATION OF US$1,100 MILLION​ TO TRUE SAGE.EXPECTED STRATEGIC DIVESTMENT'S ESTIMATED LOSS TO TRIGGER GROUP REPORTING TOTAL NET LOSS ATTRIBUTABLE TO SHAREHOLDERS IN 2017.‍TARGET BUSINESS COMPRISES FURNITURE, BEAUTY AND SWEATERS PRODUCT VERTICALS UNDER PRODUCTS SEGMENT​.DIVESTMENT'S CLOSING TO TRIGGER REALISATION OF ABOUT US$106 MILLION OF PRIOR PERIOD FOREIGN EXCHANGE NON-CASH TRANSLATION LOSSES.  Full Article

(OFFICIAL)-BRIEF-Toys"R"Us (Asia) to open 10 new stores in China on Oct 1
Friday, 29 Sep 2017 02:00am EDT 

Corrects JV's name to Fung Retailing Group from Li & Fung Retailing, after company clarifies:Says it is opening 10 brand new stores in China on Oct 1, bringing total store count to 150 across mainland China.Says it is currently operating in 226 stores in Greater China and Southeast Asia, and has an additional 35 franchise stores in the Philippines and Macau .  Full Article

Toys"R"Us (Asia) to open 10 new stores in China on Oct 1
Thursday, 28 Sep 2017 06:00am EDT 

Sept 28 (Reuters) - Toys"R"Us (Asia) Ltd (a joint venture with Li & Fung Retailing) :Says it is opening 10 brand new stores in China on Oct 1, bringing total store count to 150 across mainland China.Says it is currently operating in 226 stores in Greater China and Southeast Asia, and has an additional 35 franchise stores in the Philippines and Macau .  Full Article

Li & Fung reported profit attributable to shareholders $101 million
Thursday, 24 Aug 2017 04:46am EDT 

Aug 24 (Reuters) - Li & Fung Ltd <0494.HK>:Hy turnover $7.26 billion versus $7.42 billion.HY reported profit attributable to shareholders $101 million versus $72 million.Reported HY dividend 11 cents per share."For the rest of 2017, we expect the macro environment to remain volatile"."Headwinds from store closures will continue in the second half of the year"."We expect on-going promotional activities to continue putting pressure on margin".  Full Article

Li & Fung reports FY profit of $223 mln versus $421 mln a year ago
Wednesday, 29 Mar 2017 04:37am EDT 

Li & Fung Ltd <0494.HK>: Final dividend HK$0.12 per share . Fy net profit $223 million versus $421 million a year ago .Fy turnover $16,761 million versus $18,831 million a year ago.  Full Article

PVH Corp, Li & Fung Ltd form new strategic supply chain partnership
Thursday, 23 Mar 2017 10:42pm EDT 

Pvh Corp : PVH Corp. And Li & Fung Limited form new strategic supply chain partnership . Says agreements provide for cessation of existing non-exclusive buying agency agreement between cos . Says agreements also provide for cessation of existing non-exclusive buying agency agreement between cos .Transaction is expected to close on July 1, 2017; new supply chain relationship is expected to be mutually beneficial to both cos.  Full Article

Li and Fung says HY profit attributable to shareholders of US$ 72 mln vs US$ 149.0 mln<0494.HK>
Thursday, 25 Aug 2016 04:34am EDT 

Li & Fung Ltd <0494.HK>: HY profit attributable to shareholders of US$ 72 million versus US$ 149.0 million . HY revenue of US$ 8.07 billion versus US$ 8.63 billion . We expect the rest of 2016 to remain challenging" . Global retail market continues to struggle with soft consumer demand and geopolitical instability will weigh on consumer sentiment" . Says board has resolved to declare an interim dividend of 11 hk cents . Expect highly promotional activities and deflationary environment will continue" . Trading volume will be under pressure given brands and retailers are transitioning through a destocking cycle" .  Full Article

Global Logistic Properties signed new leases in China<0494.HK>
Monday, 25 Jul 2016 06:13am EDT 

Global Logistic Properties Ltd : News release - growth of organized retail drives demand for glp's warehouses in China) . Says signed new leases totaling 61,000 square meters with three companies in China, including lf logistics, a Li & Fung Company .  Full Article

HK's Li & Fung set to open up 6.6 percent on $1.1 billion divestment

HONG KONG Shares of Li & Fung Ltd were set to open up 6.6 percent on Friday after the global exporter said it would divest its furniture, beauty and sweaters businesses for $1.1 billion.