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© Mohamed Ahmed Soliman

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.

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