A LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
Hong Kong’s Li & Fung sells logistics arm to Danish shipping giant AP Moller-Maersk for US$3.6 billion
- The sale of LF Logistics is expected to close in 2022 pending regulatory approval
- The divestment will help Li & Fung focus on its core trading and supply chain digitalisation capabilities, executive chairman says
A LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP