A  LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
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

Topic |   Hong Kong shipping and logistics
A  LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
A LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
READ FULL ARTICLE