Temasek's T&L holdings – the beauty and the beast
Biting off more than it can chew? Think again
© Mohamed Ahmed Soliman
By Alex Lennane
Well, there is always someone seeing the opportunity. Li & Fung may de-list and go private, as Hong Kong’s Fung family and Singapore’s GLP Group have made a US$928m offer. That is a price premium of 150%. If it all goes through, the Fung family will retain management control with a 60% ownership of voting shares, while GLP will own 40% of voting shares and 100% of non-voting shares, resulting in effective economic ownership of 67.67%, explains the South China Morning Post.
Comment on this article