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United Kingdom

LI & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

1.71HKD
16 Nov 2018
Change (% chg)

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HK$1.71
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27,226,540
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HK$4.47
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HK$1.39

Latest Key Developments (Source: Significant Developments)

Li & Fung Posts HY Profit Attributable From Continuing Ops Of $50 Mln
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - LI & Fung Ltd <0494.HK>::H1 TURNOVER $5,850 MILLION VERSUS $6,471 MILLION.SEEKING IPO FOR LOGISTICS BUSINESS TO ENHANCE ITS GROWTH.HY PROFIT ATTRIBUTABLE TO SHAREHOLDERS FROM CONTINUING OPERATIONS $50 MILLION VERSUS $91 MILLION."OUR SUPPLY CHAIN SOLUTIONS BUSINESS WILL CONTINUE TO FACE HEADWINDS FROM DESTOCKING FOR REST OF YEAR".DUE TO UNCERTAINTIES OF GLOBAL TRADE, WE EXPECT BRANDS & RETAILERS TO BE MORE CAUTIOUS IN PLACING ORDERS DURING SECOND HALF OF THE YEAR.DECLARES AN INTERIM DIVIDEND OF 3 HK CENTS PER SHARE FOR SIX MONTHS ENDED 30 JUNE 2018.  Full Article

Li & Fung Ltd Appoints ‍Joseph C. Phi As Executive Director​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Li & Fung Ltd <0494.HK>::JOSEPH C. PHI HAS BEEN APPOINTED AS AN EXECUTIVE DIRECTOR​.  Full Article

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

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

GRAPHIC-Chinese stock markets battered by trade war fears

Sept 12 Chinese stocks have lost more than a fifth of their value in dollar terms this year on concerns that rising U.S. tariffs on Chinese imports would hurt corporate earnings.