Allan Zeman cashes out of Li & Fung

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.