Li & Fung sells non-core distribution business

The supply chain manager responded to calls to focus on its core businesses, selling a healthcare and consumer arm for $350m to conglomerate Dah Chong Hong.

Ray Chan

May 03, 2016

Global sourcing giant Li & Fung got a shot of extra cash this week, selling its Asia consumer and healthcare distribution business to conglomerate Dah Chong Hong in a deal worth $350 million.

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