Allan Zeman cashes out of Li & Fung

Hong Kong restaurateur cashes out of Li & Fung.

Jackie Horne

September 28, 2005

Allan Zeman raised HK$886 million ($115 million) after Tuesday's close (September 27) from the sale of a 1.7% stake in consumer goods trading company, Li & Fung. The 51.4 million share deal represented Zeman's entire stake in the company, which he has held since Li & Fung purchased his consumer goods sourcing company Colby group in 2000.

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